Solana Price Holds Above Key Support Level, $120 Target in Sight

Solana's price has been holding above its key support level of $97, and if it continues to do so, experts predict a target price of $120.

Currently, the Solana token ($SOL) is trading at $106.19, and analysts believe that if it can hold above $105, the next resistance levels will be between $139 and $150.

However, if Solana's price falls to the 108-110 dollar range, there may be increased selling pressure, while a support level of around $100-$102 could provide some buying interest.

The Solana network has also seen a significant increase in daily active addresses, reaching 5 million.