Ali Martinez: Solana risks falling to $ 65

Solana failed to break through the $ 90 level again on March 3, 2026, when the altcoin was rejected from the key supply zone. At the time of publication, SOL is trading at $ 82.97, having lost 4% per day. Nevertheless, the asset has added almost 8% over the past seven days, demonstrating resilience amid the geopolitical crisis.

Over the past month, the price of SOL has been in a narrow range of $ 77-$ 89. The rejection of the upper limit signals a weak momentum of buyers. Technical indicators confirm the caution: on the 4-hour chart, MACD showed a «sell» signal, and the Bollinger Bands are shrinking, indicating a possible breakout from this range in the near future.

Despite the technical uncertainty, institutional demand for Solana is growing. According to CoinShares, the investment products received net inflows of $ 53.8 million last week, bringing total assets to $ 2.159 billion. American spot ETFs on SOL also record stable inflows: on March 3 alone, they added $ 16.8 million, raising the total volume to $ 79.4 million.

Analyst Ali Martinez notes that there is no clear trend line yet. If the price falls below $ 77, he predicts a drop to $ 65. In case of a breakout above $ 90, it could rise to $ 107. Thus, the market is at a critical point in choosing a direction.

Investors are closely monitoring the $ 90 level as a key barrier. Overcoming it could signal a new stage of growth, while failure could lead to a deeper correction. In the coming weeks, the balance between institutional demand and technical factors will determine Solana’s future trajectory.