Solana Tests $98 Resistance as Range Breakout Hinges on Institutional Staking Demand

Solana (SOL) is attempting to break out of a months-long trading range, with market participants closely watching whether it can clear the key $98 resistance level—a move that analysts say could reset near-term price targets and reinforce a broader narrative of growing 'institutional demand' for yield through staking. SOL was trading around $89.05, slipping 3.59% over the past 24 hours but still up about 4.6% over the past 30 days.