Crypto
Solana Price Eyes $130 as Key Resistance Level Looms
Solana (SOL) price has been on the rise, up around 4-5% in the last 24 hours to trade near $101-$105. Analyst Ali Charts identified this level as key resistance to watch.
A confirmed close above $105 could open a rally towards $130, according to Ali Charts. The analyst noted that any move above $105 without a firm close could result in a false breakout.
On-chain data shows Solana has built a major support floor around $100 with more than 40 million SOL traded. The weekly chart appears bullish, with a potential SMA crossover and a cup-and-handle pattern forming.