Solana (SOL) reclaimed the $93.71 price level earlier today, but has since dipped to $90.61. According to CoinGecko data, SOL’s price has risen by 6% in the last 24 hours, 3.3% in the last week, and 10.8% in the 14-day charts. However, the asset continues to glow red in the monthly and yearly time frames, falling by 13.4% and 36.1%, respectively. Let’s discuss if Solana (SOL) can continue its price rally beyond the $90 mark, and hit $100 next.
Can Solana Continue Its Price Rally To The $100 Mark?
Solana’s (SOL) latest price spike comes amid a larger market-wide upswing. Bitcoin (BTC) briefly hit $73,900 earlier today, and other assets seem to be following its trajectory. The market rally could be due to President Trump speaking out on social media in support of the pro-crypto bill called the Genius Act.
Also Read: Coinbase (COIN) Stock Surges as Trump Supports Crypto Bill
While the rally is welcome, it is unclear if the market can continue its upward momentum. The market is still weak, and investor sentiment is also quite low. Geopolitical tensions are high, which could lead to investors taking sudden decisions. Solana (SOL) and the larger crypto market is subject to heavy speculation. Market participants do not have a high appetite for risk at the moment. Hence, we could see a price correction very soon.
CoinCodex analysts, however, are quite bullish on Solana (SOL) over the coming weeks. The platform anticipates the asset to breach the $100 mark on Mar. 18, 2026. CoinCodex further expects SOL to hit $130.28 on April 28, 2026.
Additionally, despite the bearish market environment, Solana (SOL) has proven to be quite a resilient crypto asset. SOL’s price fell to below $9 after the collapse of FTX in 2022. Since its 2022 lows, SOL has hit multiple all-time highs. Hence, chances are high that the asset will eventually come out of its current lackluster state.