{"id":19943,"date":"2026-05-15T06:43:16","date_gmt":"2026-05-15T06:43:16","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/05\/15\/solana-bulls-face-98-test-as-117-target-comes-into-view\/"},"modified":"2026-05-15T06:43:16","modified_gmt":"2026-05-15T06:43:16","slug":"solana-bulls-face-98-test-as-117-target-comes-into-view","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/05\/15\/solana-bulls-face-98-test-as-117-target-comes-into-view\/","title":{"rendered":"Solana bulls face $98 test as $117 target comes into view"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2025\/05\/crypto-news-Stablecoins-Solana-option01.webp\" \/><\/p>\n<div>\n<p><strong>Solana (<\/strong><a href=\"https:\/\/crypto.news\/price\/solana\/\"><strong>SOL<\/strong><\/a><strong>) traded at $90.63 on May 15, down 0.73% over 24 hours. Crypto.news data showed a 24-hour range of $90.43 to $93.58, with trading volume at $3.46 billion.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_0699da375be8b3d2b5bbbcb6b691a8cd\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SOL must close above $98 to confirm Ali Charts\u2019 bullish breakout setup toward $107 next.<\/li>\n<li>Current price near $90 keeps Solana between the $88 pivot and $98 channel ceiling.<\/li>\n<li>Failure at $98 could send Solana back toward $88 or the $78 channel floor again.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The token ranked seventh by market value, with a market cap of about $52.39 billion.<\/p>\n<p>That price keeps SOL below the $98 level watched by analyst Ali Martinez. He said, \u201c$98 is the level that could signal a bullish breakout for Solana.\u201d His view puts the market focus on whether SOL can move from recovery mode into a confirmed breakout.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Ali Martinez maps the key channel<\/strong><\/h2>\n<p>Ali Martinez <a href=\"https:\/\/x.com\/alicharts\/status\/2055061847645249643?s=20\" target=\"_blank\" rel=\"nofollow\">said<\/a> SOL has traded inside a defined price channel since February. He placed the channel floor at $78, the ceiling at $98 and the current pivot near $88. That structure gives traders three direct levels to watch.<\/p>\n<p>A daily close above $98 could open a move toward $107, followed by $117, based on his chart setup. But the analyst also warned that a failed move at $98 could drag SOL back toward $88 or even the $78 floor.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Market context remains active<\/strong><\/h2>\n<p>Earlier reports <a href=\"https:\/\/crypto.news\/solana-price-climbs-toward-overbought-zone-can-buyers-push-past-100\/\" target=\"_blank\">showed<\/a> that Solana had climbed above $96 before sellers appeared near the $96 to $100 region. Crypto.news linked the move to Solana ETF optimism, the Alpenglow upgrade, Firedancer developments and stronger activity across Solana-based trading.<\/p>\n<p>The wider market still carries pressure. Crypto.news <a href=\"https:\/\/crypto.news\/heres-why-the-crypto-market-is-going-down-today-may-14\/\" target=\"_blank\">reported<\/a> that the total crypto market cap fell about 1.6% on May 14 as hotter U.S. inflation data, heavy Bitcoin ETF outflows and weak risk appetite weighed on major tokens.<\/p>\n<p>Moreover, Solana also remains in focus through public company treasury updates. Forward Industries <a href=\"https:\/\/crypto.news\/forward-industries-nears-1b-solana-paper-loss-after-q1-hit\/\" target=\"_blank\">reported<\/a> a $585.6 million quarterly loss, driven mainly by marks on its SOL holdings, while holding nearly 6.98 million SOL.<\/p>\n<p>DeFi Development Corp. also <a href=\"https:\/\/crypto.news\/defi-development-reports-108-sol-growth-despite-q1-loss\/\" target=\"_blank\">reported<\/a> that its fully converted SOL per share rose 108% over the past year, reaching 0.0670 on May 13. These updates keep SOL tied to both price action and corporate balance sheet activity as traders watch the $98 breakout line.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/solana-bulls-face-98-test-as-117-target-comes-into-view\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) traded at $90.63 on May 15, down 0.73% over 24 hours. Crypto.news data showed a 24-hour range of $90.43 to $93.58, with trading volume at $3.46 billion.\u00a0 Summary SOL must close above $98 to confirm Ali Charts\u2019 bullish breakout setup toward $107 next. Current price near $90 keeps Solana between the $88 pivot [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-19943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=19943"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/19943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/18818"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=19943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=19943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=19943"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=19943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}