The Solana price has struggled to shake off its early-year woes despite a 
slightly improved general market climate in recent weeks. After falling from a 
nearly $150 valuation in the first quarter of 2026, the altcoin has been stuck 
within a consolidation range between $75 and $100 over the past few months. 
The upper boundary of this consolidation zone proved formidable after the 
Solana price failed to fully capitalize on the injection of bullish momentum 
(triggered by news of the CLARITY Act passing the US Senate banking 
committee). A popular market analyst on the social media platform X has 
identified this specific resistance level and what lies on the other side for 
Solana. A Break Above $98 Could Mean A Sustained Rally For SOL Price In a 
recent post on the X platform, crypto pundit Ali Martinez pinpointed $98 as 
the level to break for the Solana price to reach its upside potential. 
According to the analyst, the cryptocurrency could embark on an approximately 
30% rally if it sustains a break above this overhead resistance. Related 
Reading: XRP Leads Massive Crypto Rally As Traders Bet Big On US Regulatory 
Shift Martinez highlighted that the SOL token has been trading within a &#8220;well- 
defined&#8221; horizontal channel, with the lower and upper boundaries at $78 and 
$98, respectively. As a result of the CLARITY Act-induced market-wide rally, 
Solana&#8217;s price enjoyed some bullish momentum, only to be quickly truncated by 
the $98 ceiling. Having bounced back from this rejection around the pivot 
point at $88, Martinez believes the altcoin could be returning to the channel 
ceiling for another breakout attempt. The crypto trader noted that if the 
price of Solana does manage to break and close above the $98 (on the daily 
timeframe), investors could see a surge toward $107. However, that is only an 
immediate target, as Martinez believes the Solana price could travel further 
up towards its secondary target at $117. As hinted earlier, this secondary 
target represents a more than 30% uptick from the current price point. At the 
same time, Martinez offered an alternative scenario where the $98 resistance 
refuses to give way. According to the market analyst, the price of Solana 
could experience a pullback to the $88 pivot point — or even to as low as the 
channel floor at $78 — if the resistance continues to hold strong. In any 
case, the general market condition would need to improve if the altcoin is to 
enjoy sustained upside, especially given how sensitive financial markets have 
been to broader market dynamics in 2026. Solana Price At A Glance As of this 
writing, the price of SOL stands at around $89.33, reflecting an over 3% 
decline in the past 24 hours. Related Reading: Solana Sees Rising Social Hype, 
Yet Network Activity Is Falling Featured image from iStock, chart from 
TradingView

Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

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Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

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