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

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.

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.

Martinez highlighted that the SOL token has been trading within a “well-defined” 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’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.

As of this writing, the price of SOL stands at around $89.33, reflecting an over 3% decline in the past 24 hours.