Solana Breaks Above $100, Sets Sights on $120 Target

Solana (SOL) has broken above $100 and is trading at around $106.49, with a market capitalization of roughly $62.17 billion.

The asset's recent rally has pushed it decisively above the $97 level that previously acted as resistance, and price returned to test it as support before bouncing back above $100.

Quinten Francois notes that there is little major structural resistance between the current range and roughly $119-$120, making the next major target the $120 region.