Solana’s $98 resistance is in focus, with $88 as support and $107 to $117 as upside targets if SOL breaks out.
Solana traded near a key short-term barrier as market analysts focused on the $98 level.
A daily close above that area could turn resistance into support, while failure there may keep SOL within its recent range.
Solana has moved inside a defined trading channel since February. The lower boundary sits near $78, while the upper boundary stands near $98.
The $88 level has acted as the current pivot point. Price action around this area has helped define short-term direction.
SOL recently tested the $98 resistance area but faced a quick rejection. The token then showed signs of a bounce from lower levels.
$98 is the level that could signal a bullish breakout for Solana.
Since February, $SOL has been moving within a well-defined channel. I’ve identified the boundaries at $78 (Floor) and $98 (Ceiling), with $88 as the current pivot point.
We recently tested that $98 resistance,… pic.twitter.com/E1ntBJZHZH
— Ali Charts (@alicharts) May 14, 2026
Traders are now watching whether Solana can return to the channel top. A daily close above $98 may confirm a bullish breakout attempt.
If $98 turns into support, buyers may target $107 next. A stronger move could then open the way toward $117.
However, the setup remains range-bound until that close occurs. The $98 level remains the main short-term test for bulls.
The visible Fibonacci range is drawn from about $106.56 to $255.39. SOL has already traded below that range.
The 0.786 retracement sits near $138.41. The 0.618 level is near $163.41, while the 0.5 level is near $180.97.
The 0.382 retracement is near $198.54. The 0.236 level stands around $220.27.
The loss of the $138 to $140 area was a key technical event. That zone had acted as support during earlier trading periods.
After that level failed, Solana moved toward the $85 to $95 consolidation zone. Price now trades below the $106.56 Fibonacci range low.
This means the prior retracement structure has weakened. Until SOL reclaims $106 to $110, that area may act as supply.
The $106 to $110 range also aligns with former support. A move above it may show reduced selling pressure.
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The daily MACD has started to improve. The MACD line is above the signal line, and the histogram is slightly positive.
This shows that short-term momentum has turned upward. Yet the move remains early and needs price confirmation.
The RSI is near 55.84, while its moving average is around 59.24. This places RSI in a neutral-to-slightly bullish area.
If RSI moves above 60 to 65, it may show stronger momentum. If it turns lower, attention may return to the $88 pivot.
The short-term Solana outlook depends on $98. A daily close above that level could support a move toward $107.
If buying continues, the next target may stand near $117. That level could act as another resistance area.
If $98 holds again, SOL may pull back toward $88. A deeper retreat could bring the $78 floor back into focus.
Immediate support remains near $85 to $88. A daily close below that area may raise the risk of further weakness.
Higher resistance remains at $125 to $140. The $138 to $140 zone remains a major former support area.
For now, Solana continues to trade below major higher-timeframe levels. The next daily close near $98 may decide the next move.
The post Solana Eyes Bullish Breakout if $98 Resistance Turns Into Support appeared first on Live Bitcoin News.
