Solana Price Aims for $140 as Analysts See Breakout Opportunity
Solana's price is currently testing a descending channel breakout above its crucial $75 support level. This comes as analysts are watching $84, $123, and $140 as potential targets for recovery. The short-term chart shows Solana recovering from the lower end of the descending channel and now testing its upper boundary near $76.
The four-hour chart reveals Solana pressing above descending channel resistance near $76, while RSI improves above its moving average. This momentum improvement suggests buyers are gaining strength without entering overbought territory.
A confirmed close above the channel could open the way towards the recent resistance area near $80-$84. However, failure to hold above the trendline could send Solana price back towards the $74-$75 support region. The weekly chart continues to show price trading inside a major demand zone that has attracted buyers during previous corrections.