Solana Price Breaks Key Support, Sets Sights on $120.23

Solana's price has broken above $97.70, a level that previously capped its recovery, and is now holding as key support.

The next major test for SOL sits near $120.23, with short-term liquidation data showing a heavy concentration of leveraged positions around $106-$107.

Crypto analyst Ucan notes that the breakout above $97.70 has been sustained, with SOL trading at around $105.

A clear break above $120.23 would strengthen the recovery by clearing another significant overhead barrier, potentially leading to a target of $146.56.