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.
A Break Above $98 Could Mean A Sustained Rally For SOL PriceMartinez 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.
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.
Solana Price At A GlanceAs of this writing, the price of SOL stands at around $89.33, reflecting an over 3% decline in the past 24 hours.
