Solana Price Hinges on Next Move Above $106

Solana's price has been holding steady above the $100 support zone, with traders waiting to see if it can break through and resume its upward momentum.

A potential bull flag formation on the four-hour chart indicates that a sustained move above $106 could open the path towards $130.

However, Solana's ability to hold this level is crucial, as a breakdown would weaken the recovery and expose the market to further downside.

The broader weekly structure also points to a longer-term bullish setup, with some analysts suggesting that a confirmed breakout above $360 could support a much larger measured move towards approximately $1,300.