Solana's price has rebounded to near $117.38, testing the $120 resistance zone for the first time in about eight months.
The token has reclaimed its 200-week moving average and is forming a weekly golden cross, according to analyst Ash Crypto.
GordonGekko notes that a sustained reclaim of $118 could open up a move toward $148, while a fall back below $118 would focus attention on the $110-$112 area.
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