Solana on Course For $100? Popular Crypto Analyst Sees a 'Breakout' For the Former Ethereum Killer

Crypto analyst Ali Martinez said Solana (SOL) could be on a path to $100, setting that level as a target if the token clears key resistance. In a post Sunday, Martinez pointed to a “parallel channel” on the daily chart, highlighting mid-channel resistance near $78. He projected that a break above $78 could move SOL toward the channel’s upper boundary around $100, roughly 30% above current levels. SOL last traded near $76.88 at the time of writing. Martinez also cited a “Buy” signal from TD Sequential and a MACD golden cross. Derivatives data showed SOL futures open interest up 10% in a week, with most position holders net long.