Solana trades near $90, eyes $98 breakout for bullish move to $107

Solana (SOL) traded around $90.63 on May 15, staying within a price channel between $78 and $98 since February. Analyst Ali Martinez highlights $98 as a key resistance level; a close above it could trigger a bullish breakout toward $107 and potentially $117. Failure to break $98 might push SOL back to $88 or $78. Market pressures from inflation data and Bitcoin ETF outflows weigh on crypto, while Solana benefits from ETF optimism and upgrades. Corporate holdings updates also influence SOL's outlook as traders watch the $98 level closely.