Solana Price Breaks Multi-Month Pattern, Eyes $120 Target

Solana's price has broken out of a multi-month resistance zone around $103-$106, causing its value to surge toward $111. This move has put the $120 level back in focus for investors.

The sharp increase in volume during the breakout suggests strong buying pressure behind SOL's recent rally.

However, some market participants may be cautious about a potential pullback as the price tests its former resistance zone around $102.