Solana Price Eyes $130 as Analyst Sees Bullish Breakout

Solana's price has remained above $100 despite the broader cryptocurrency market fluctuations. On Wednesday, SOL traded near $101.32, up 4.36%, after gaining roughly 5% over the previous 24 hours.

The improving market sentiment and the passage of H.R. 8957 by a House committee have boosted major digital assets. Bitcoin is trading near $76,000, while Ethereum approached $2,450, both up around 4%.

Crypto analyst Ali pointed out a potential bull flag forming on Solana's four-hour chart, with the critical resistance level at $105. If SOL can decisively clear this resistance and hold its gains during any subsequent retest, it could send the price towards $130.