Solana (SOL) is hovering near $91 as analysts watch the $98 ceiling that has capped the token's monthly 10% advance.
SOL Channel Resistance
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.
He treats $88 as the pivot point that separates a continuation higher from a slide back to support.
A recent test of the $98 ceiling ended in rejection before buyers stepped back in around the $91 area. Martinez argues the rebound sets up another retest, and the outcome will decide whether the channel finally breaks.
If SOL closes above $98 on a daily basis, the analyst 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.
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Analyst Targets $500
Other commentators see a wider runway. X user Globe of Crypto argued that a close above $99 could send SOL toward the $160 to $170 range in the medium term.
Trader Marino went further, predicting SOL could clear $500 in the coming years.
He pointed to faster adoption, rising network usage, expanding staking, and the launch of new applications. Marino also flagged spot SOL exchange-traded funds as a catalyst, and data from SoSoValue show the products have pulled in a cumulative total net inflow of roughly $1.12 billion since launch.
Recent Price Swings
SOL spent April under pressure before stabilizing above $80 in early May, and the asset has gained close to 13% over the past week. The token remains well below its January peak and is still trying to reclaim the $100 mark that capped most rallies this spring.
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