Solana Eyes $150 in October as $125 Resistance Looms
Solana (SOL) is holding steady near $121 after a strong recovery in September, with traders watching for potential movement toward $150 in October. As of October 6, SOL was trading around $120.83, just below the $125 resistance level, which serves as a key pivot point on the weekly chart. The daily Supertrend support stands at $107.22, while the Chaikin Money Flow remains positive at 0.23, indicating buying pressure.
The daily chart shows SOL recovering from the mid-$90s in September to the mid-$120s, but it has since traded sideways. The $125 barrier is crucial; breaking above it could signal a move toward higher resistance levels, while a rejection would keep the price within its current range. The weekly Murrey Math indicator places the next resistance at $156.25, with the current price sitting below this level.
Traders on X have identified support between $116 and $119, with potential upside targets at $126, $132. CoinGlass data shows significant liquidation concentrations around $115, $116 below the current price and $123, $125 above it. These levels could influence SOL's movement in October, with a break above $125 needed to test higher targets. The positive daily money flow supports the recovery, but the path to $150 depends on clearing nearer resistance levels.