{"id":28670,"date":"2026-05-15T06:43:34","date_gmt":"2026-05-15T06:43:34","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-bulls-face-98-test-as-117-target-comes-into-view\/"},"modified":"2026-05-15T06:43:44","modified_gmt":"2026-05-15T06:43:44","slug":"solana-bulls-face-98-test-as-117-target-comes-into-view","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/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><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Solana (<\/strong><strong>SOL<\/strong><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<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\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 rel=\"nofollow\" target=\"_blank\" 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 showed 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 reported 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 reported 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 reported 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<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\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","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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28670"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28670\/revisions"}],"predecessor-version":[{"id":28671,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28670\/revisions\/28671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/180"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}