Solana Bulls Eye $98 Ceiling for Breakout

Solana (SOL) is hovering near $91 as analysts watch the $98 ceiling that has capped its monthly 10% advance. The token trades at roughly $91 with a market capitalization just under $53 billion, according to data cited by CryptoPotato on Friday.

Crypto analysts say SOL has moved inside a defined channel since February, with the upper boundary at $98 and the lower at $78. A recent test of the $98 ceiling ended in rejection before buyers stepped back in around the $91 area. Martinez argues that this rebound sets up another retest, and the outcome will decide whether the channel finally breaks.

If SOL closes above $98 on a daily basis, analyst Martinez expects momentum to carry the price toward $107, with a secondary target near $117. A failure at that level could send SOL back to $88, and a deeper pullback would expose the $78 floor.