Leading cryptocurrency analyst Ali Martinez set a $100 price target for Solana (CRYPTO: SOL) on Sunday, contingent on the asset overcoming critical resistance levels ahead.
The Path to $100
In an X post, Martinez analyzed Solana trading in a parallel channel on the daily chart, identifying mid-channel resistance at $78 as a key level.
“A break above the mid-range near $78 could trigger a move toward the channel’s upper boundary around $100 for SOL,” the analyst projected.
A rally to $100 would represent roughly 30% upside from current levels. SOL last traded at this level in early February and has not reclaimed it since.
Martinez also spotlighted a “Buy” signal on the TD Sequential indicator, plus a recent Moving Average Convergence Divergence golden cross as additional bullish confirmation signals.
