Solana (SOL) has seen a 10% price increase in the last month, but it’s still trading under $100.
A well-known crypto analyst believes the price could rise significantly, but it first needs to break through a major resistance level.
The Necessary Conditions
At the time this was written, Solana (SOL) was trading for approximately $91, with a market value of just under $53 billion. Analyst Ali Martinez notes that the price has been steadily moving between $78 and $98 since February. He predicts a potential price increase if SOL can break above $98, with $88 being a key level to watch.
Solana recently hit a resistance level around $98 but quickly fell back down. Now, it appears to be recovering, which could mean it will try to break through the upper limit of its current trading range. Whether it can successfully break through remains to be seen.
According to Martinez, if the price consistently closes above $98, it could climb to $107, potentially reaching $117. However, if the price struggles to break through $98, it might fall back to $88, and could even drop as low as $78.
Earlier this month, an analyst looked at Solana again and said the price between $77 and $94 wasn’t a good opportunity to buy or sell. They predicted that if more people started buying, the price could rise to around $96.
Before that, Martinez pointed out that the Bollinger Bands for SOL have tightened, which often signals a significant price swing. However, it’s currently unclear whether the price will go up or down.
Globe of Crypto, a user on X, also shared their opinion, suggesting that if the price stays above $99, it could potentially climb to between $160 and $170.
The Bold Forecast
Another user, Marino, believes Solana (SOL) could surpass $500 in the future. He based this optimistic prediction on Solana’s increasing popularity, more people using the network, its rising value, a growing number of users staking their coins, and the launch of new applications – all signs of a strengthening ecosystem.
The analyst also believes that new investments into Solana-based spot ETFs could cause the price to increase, and recent data confirms they’ve already seen significant interest, bringing in millions of dollars. Since launching, these ETFs have collectively gained about $1.12 billion in net inflows.
Marino believes that if Solana continues to grow in popularity at its current rate and the overall economic environment improves, its price could exceed $500 by 2029.
Read More
- Base Loses $1.4B: A Tragicomic Tale of Chains, Cash, and Clashing Visions
- Bitcoin’s Plunge: A Tale of Woe and 0.3% Despair
- Silver Rate Forecast
- 10M Crypto Users Targeted by Malware Ads!
- XRP’s Price Tango: Can It Outdance the 100 EMA?
- Top 5 Hilarious Mistakes That Cost This Trader $2 Million on Polymarket! 😱💸
- Ripple moves 250M XRP – Can supply crunch trigger a $2.50 move?
- Polkadot’s $2 ‘Home’ Range: Bulls Test, Bears Wait… 🐻💸
- Bitcoin Mining Difficulty Plummets: The Universe’s Most Dramatic Haircut (Again)
- 🚀 Solana’s $1B Treasury: A Celestial Heist or Cosmic Blunder? 🌌
2026-05-15 19:27