Solana (SOL) is making another attempt at breaching the $100 price level, reclaiming the $98 mark for the first time since early February of this year. According to CoinGecko data, SOL’s price has surged by 0.9% in the last 24 hours, 12.8% in the last week, 14% in the 14-day charts, and 16.3% over the previous month. SOL seems to be facing some resistance at the $98-$99 price range, facing a correction back to $95 in the last few hours. Let’s discuss why Solana (SOL) may be rallying today, and what investors can expect from the cryptocurrency next.
What Can Solana Investors Expect Next?
Solana’s (SOL) latest price surge could be due to Bitcoin (BTC) rising to the $82,000 price level earlier today, May 12, 2026. BTC has made substantial gains over the last few months, falling to the $62,000 level in February of this year.
Solana (SOL) and the larger market rally could be due to positive developments around the crypto sector. Firstly, we may see the CLARITY Act being passed later this week. The legislation is up for vote on Thursday, May 14, 2026. Additionally, we saw the exit of Jerome Powell as the Federal Reserve chair. Powell will be replaced by President Trump-chosen Kevin Warsh. Many anticipate Warsh to reduce rates as soon as he enters office. President Trump has been asking for lower rates for several months, and Warsh may be the one to deliver. The anticipation of lower rates may have pushed Solana’s (SOL) rally as well.
Also Read: How Solana Is Eating Away Ethereum’s Market
However, there is a still a chance that Solana (SOL) may face a price correction in the coming days. The US-Iran ceasefire talks seem to have failed, and there is a chance of re-escalation. Such a development could lead to an exodus of capital from high-risk markets. Moreover, Solana (SOL) and other cryptocurrencies may face fresh volatility from macro pressures.
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