Solana’s price has struggled to recover from its early-year slump, even though the overall market has improved slightly in recent weeks. After dropping from nearly $150 in the first quarter of 2026, the altcoin has been stuck in a trading range between $75 and $100 for the past few months. The top of this range proved tough to break when Solana failed to fully take advantage of a boost in bullish momentum—sparked by news that the CLARITY Act passed a key US Senate committee. A well-known market analyst on X has pointed out this key resistance level and what could come next for Solana.
A Break Above $98 Could Trigger a Sustained Rally for SOL
In a recent post on X, crypto analyst Ali Martinez identified $98 as the price Solana needs to break to unlock its upside potential. According to him, if the cryptocurrency can hold above this resistance, it could rally by about 30%.
Martinez noted that SOL has been trading in a “well-defined” horizontal channel, with support at $78 and resistance at $98. After the CLARITY Act sparked a market-wide rally, Solana saw some bullish momentum, but it was quickly stopped by the $98 ceiling. Now that it has bounced back from that rejection around the $88 pivot point, Martinez believes the altcoin might be heading back to the top of the channel for another breakout attempt.
He explained that if Solana’s price manages to break and close above $98 on the daily chart, investors could see a move toward $107. But that’s just the first target—Martinez thinks the price could go even higher, reaching a secondary target of $117. As mentioned, this would mean a gain of over 30% from current levels.
At the same time, Martinez offered an alternative scenario where the $98 resistance holds firm. In that case, he said Solana’s price could pull back to the $88 pivot point, or even drop as low as the channel floor at $78, if the resistance continues to hold strong. Either way, the broader market conditions would need to improve for the altcoin to enjoy sustained gains, especially given how sensitive financial markets have been to wider economic trends in 2026.
Solana Price at a Glance
As of now, SOL is trading at around $89.33, down more than 3% in the last 24 hours.
Frequently Asked Questions
Here is a list of frequently asked questions about Solana potentially breaking out at 117 written in a natural tone with clear and concise answers
BeginnerLevel Questions
1 What does it mean that Solana is aiming for a breakout at 117
It means the price of Solana is approaching the 117 mark If it can climb above this price and stay there its often seen as a signal that the price might go up even more If it cant the price might drop or stay flat
2 Why is 117 such an important price for Solana
117 is considered a key resistance level Think of it like a ceiling In the past when Solanas price has reached this level many people sold their coins which pushed the price back down Now if buyers can push past that ceiling it shows strong demand
3 What does bulls mean in this context
Bulls are traders or investors who believe the price will go up If the bulls can push past 117 it means enough people are buying Solana to overcome the sellers who are trying to keep the price down
4 If Solana breaks past 117 what happens next
If the breakout is strong the price could continue to rise to the next resistance level However it could also fake out briefly go above 117 and then quickly fall back down
5 Does this mean I should buy Solana right now
Not necessarily This is news about a price level not financial advice A breakout can be a good sign but prices can also reverse suddenly Its smart to do your own research or talk to a financial advisor before buying
Intermediate Advanced Questions
6 How do you confirm a genuine breakout above 117 versus a fakeout
A genuine breakout usually has two things high trading volume and the price closing above 117 on a daily or weekly chart A fakeout often happens on low volume and the price quickly falls back below the level
7 What happens if Solana fails to break 117
If the bulls cant push past 117 the price might reject that level and drop