Will $SOL ’s price be affected as Solana hits record daily active addresses? - AMBCrypto Analytics

From a technical standpoint, Solana faced resistance at $140, which could act as a crucial price level for bulls to break if a rally is to occur. The $125 support level has consistently provided a safety net for the token, reducing the likelihood of further declines in the near term. 

The 200-day moving average (MA) was hovering around $135 at press time, a key indicator of long-term price trends. Meanwhile, Solana’s RSI (Relative Strength Index) was at 34.53, indicating that the token was nearing oversold territory, often a sign of a potential rebound.