Solana Soars Past $90 Threshold as Market Analysts Eye $120 Target

Solana (SOL) has been on a tear, surging by nearly 25% over the past week to reach a price of around $97.09 with a market capitalization of approximately $56.56 billion.

The cryptocurrency broke through two critical resistance zones and surpassed the $90 threshold for the first time in three months.

Momentum is strong, with more than $4.6 billion worth of bearish positions facing liquidation over a 72-hour period.

Solana has been consolidating within an accumulation pattern for 202 days, with the crucial breakout zone centered around $95-$100.