Solana (SOL) regained the $93.71 price level earlier today, but fell to a low of $90.61. According to data from CoinGecko, SOL price has risen 6% in the past 24 hours, 3.3% in the last week, and 10.8% on the 14-day chart. However, assets remained red in the monthly and annual timeframes, declining by 13.4% and 36.1%, respectively. Let’s discuss whether Solana (SOL) can continue its price rise past the $90 mark and reach $100 next.
Can Solana continue to rise in price to the $100 range?
Solana’s (SOL) recent price spike comes amidst a significant market rally. Bitcoin (BTC) briefly reached $73,900 earlier today, and other assets appear to be following that trajectory. The market rally may be due to President Trump’s announcement on social media of his support for a bill to promote cryptocurrencies, known as the Genius Act.
Also read: Coinbase (COIN) stock soars as President Trump backs crypto bill
While the rally is welcome, it is unclear whether the market can continue its upward momentum. The market remains sluggish and investor sentiment is quite low. Geopolitical tensions are rising and investors may make sudden decisions. Solana (SOL) and the larger cryptocurrency market have been the subject of intense speculation. At the moment, market participants do not have a high appetite for risk. Therefore, we may see a price correction in the near future.
However, CoinCodex analysts are extremely bullish on Solana (SOL) in the coming weeks. The platform expects the asset to break through the $100 mark on March 18, 2026. CoinCodex further predicts that SOL will reach $130.28 on April 28, 2026.
Moreover, despite the bearish market environment, Solana (SOL) has proven to be a highly resilient crypto asset. After the FTX collapse in 2022, the price of SOL fell below $9. Since the 2022 low, SOL has made multiple new highs. Therefore, it is likely that the asset will eventually emerge from its current lackluster state.
(Tag translation) Solana
