Solana Price Prediction: $98 Caps SOL Breakout Attempt

TLDR

• Solana trades near $93 after failing to secure a daily close above the $98 resistance level.
• The price continues to move inside a defined channel between $78 and $98 on the daily chart.
• SOL holds above the $88 pivot level, keeping the broader range structure intact.
• A daily close above $98 would open the path toward $107 and $117 targets.
• The four-hour chart shows buyers defending the 50% Fibonacci retracement near $90.25.
• A break below $90.25 could expose lower support levels near $77.95 and $75.40.

Solana traded near $93 after failing to secure a daily close above $98 resistance. Sellers rejected the latest breakout attempt, yet price holds above short-term support. Charts from Ali and MCO Global Español outline clear levels between $78 and $98.

Solana Price Prediction Signals Range Between $78 and $98

Ali Charts shows SOL moving inside a channel since February. The lower boundary stands near $78.17, while the upper limit sits near $97.79. The mid-range pivot rests at $88.02, and resistance appears near $92.89. Recently, SOL tested the $98 ceiling but faced swift rejection. Price then pulled back toward $91 as sellers defended the upper band.

However, SOL continues to hold above the $88 pivot zone. This level keeps the broader channel structure active. As long as price remains above $88, bulls can attempt another move toward $98. A daily close above $98 would confirm a breakout from the range. Ali Charts stated that “$107 marks the next upside target,” with $117 as a secondary level.

If SOL fails again near $98, price may revisit $88 support. A deeper decline could shift focus back to the $78 floor. That zone has supported price during the entire channel formation. Therefore, the daily close remains the key confirmation signal. Without a close above $98, SOL stays locked inside the range.

Short-Term Chart Shows Fibonacci Support Near $90

On the four-hour SOL/USD chart, MCO Global Español highlights a recent pullback from $97. Price dropped into an orange Fibonacci retracement zone. The 38.20% level stands near $91.97, while the 50% level rests at $90.25. SOL reacted from the 50% zone and climbed back above $93. This bounce shows buyers defended short-term support.

The recent intraday low inside the orange box remains critical. As long as SOL stays above that low, the projected Elliott Wave structure remains valid. Under that scenario, the price could retest the $97 resistance area. A stronger continuation would place the next upside zone between $110 and $112. The wider resistance target stands near $121.96, based on the upper horizontal level.

However, a break below $90.25 would weaken the short-term bullish setup. In that case, price could decline toward the $77.95 and $75.40 support levels. These levels align with previous reaction zones on the chart. For now, SOL price trades near $93 while holding above the 50% retracement. The $98 resistance and $90 support define the immediate structure.

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