Solana Ready for $120
Solana’s price analysis emphasizes the significance of support and resistance levels in forecasting its trajectory. The $100 level serves as a robust support base, marked by the lower boundary of the ascending channel and reinforced by the 50-day moving average. Repeated tests of this level underscore its psychological and technical strength.
Conversely, resistance looms near the upper trend line of the channel, positioned just above $110. A decisive breach of this resistance could pave the way for SOL to reach the $120 target. Moreover, the upward slope of the 100-day and 200-day moving averages, at $88.21 and $67.23 respectively, bolsters the long-term uptrend.
