Solana Price Tests $120 as Support Amid Renewed Strength
Solana's price recovery is gaining momentum as it tests whether $120 can become support after a strong rally. The altcoin has been trading near $120, up around 3.53% over the past 24 hours.
The latest move is being supported by several technical developments. Solana's short-term trend has strengthened considerably, with price now trading above both the 7-day and 30-day moving averages.
For the current move to remain positive, SOL should ideally hold above the rising moving-average structure during any pullback. Losing those averages again would signal weaker momentum, while continued strength above them would support another expansion higher.
Solana is testing the key $121.66 historical resistance level, with a confirmed breakout potentially opening the next major zone around $144.80.