Solana Holds Key $120 Level Amid Decelerating Momentum

Solana's price has reached $119.3 with a daily gain of 3.8%, and its trading volume exceeded $5.5 billion, a 27% increase from the previous session.

The key level to watch is $120, where bulls and bears are locked in a battle for control, with support at $116.14 and resistance at $122.61.

The daily RSI14 stands at 67.49, indicating robust momentum without reaching the overbought zone above 70, while the MACD reinforces this reading with a positive histogram of 1.01.

However, when looking at shorter timeframes, such as one hour and 15 minutes, Solana's price shows visible deceleration, and it has failed to reclaim its hourly pivot at $119.98.