Solana Price Recovery Gains Momentum as Bulls Target $120-$146

Solana's price has shown significant improvement after slipping from its recent low around $60. The network's momentum indicators are also improving, suggesting that the larger bearish structure may be weakening.

The monthly MACD is approaching a bullish crossover, while the RSI has broken above a two-year downtrend. This could add weight to a longer-term recovery if the MACD crossover confirms and SOL continues to hold above $100.

However, the next challenge for Solana bulls is translating these improving indicators into sustained price acceptance above the resistance levels between $120 and $146.

Solana's growing role in real-world asset markets is another positive development, with the network reportedly handling $14.7 billion in tokenized asset trading over the past year, representing around 32% of the reported RWA spot volume.