Solana Price Holds Steady at $116 as Resistance Looms

Solana's price has been holding steady at $116 after its recovery from an intraday low of $112.52 on September 24.

The move saw Solana surpass a key 4-hour trend indicator, the Supertrend line, which stood at $112.38 beneath price, leaving the short-term signal bullish despite the drop from $120.

However, the daily chart shows that Solana's price is approaching resistance near $120, where the latest rally stalled.

Analyst Crypto Patel notes that a break above $148.73 could confirm a major long-term trend change on higher-timeframe charts, with a structural level at $148.73 and a higher-timeframe resistance zone at $138, $149.