Even though the cryptocurrency market has improved a bit recently, Solana’s price hasn’t recovered. It dropped from around $150 in early 2026 and has been trading between $75 and $100 for the last several months.
Solana’s price struggled to break through a key resistance level, even after positive news about the CLARITY Act passing in the US Senate. A well-known analyst on X (formerly Twitter) has pinpointed this resistance and explained what could happen if Solana breaks through it.
A Break Above $98 Could Mean A Sustained Rally For SOL Price
Crypto analyst Ali Martinez recently noted on X that Solana needs to surpass $98 to potentially see significant price gains. He believes a sustained break above this level could trigger a roughly 30% increase in its value.
Martinez noted that the SOL token has been trading steadily between $78 and $98. While the recent market rally, driven by the CLARITY Act, briefly boosted Solana’s price, it quickly hit a ceiling at $98.
After briefly falling and then recovering around $88, Martinez thinks Solana might be heading towards the upper limit of its recent trading range, potentially trying to break out again. He points out that if Solana’s price can close above $98 on a daily chart, it could rally towards $107.
While $117 is the next short-term goal, Martinez thinks Solana’s price could climb even higher. Reaching this target would mean an increase of over 30% from its current value.
Looking at Solana, I’m also considering a downside scenario. If the price can’t break through the $98 resistance level, we could see a drop. I’m watching for a potential pullback to around $88, and it’s even possible we could test the channel’s lower boundary near $78 if that resistance continues to hold firm.
For the altcoin to keep rising in value, the overall market needs to get better. This is especially true considering how quickly financial markets have been reacting to general economic trends in 2026.
Solana Price At A Glance
Currently, SOL is trading at approximately $89.33, down over 3% in the last day.
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2026-05-16 20:21