Solana Price Eyes $120-$150 as Falling Wedge Breakout Gains Momentum

Solana's price has been trading near $99.87 after falling 3.80% over the past 24 hours, leaving it directly around one of its most important short-term technical areas.

A weekly falling wedge is still in play for Solana, which could potentially open the way towards $120-$150 if confirmed with a decisive weekly breakout.

The recent move above a multi-month range has improved the broader market structure, and the reduction in future token issuance adds an important fundamental development to the current price setup.