Solana Trader Sees Breakout to 128-140 Range

Solana's price is currently trading at $110.84, with trader @Pentosh1 eyeing a potential push into the 128-140 range.

This would mark the conclusion of a month-long accumulation phase for the asset, according to @Pentosh1.

The price action on Solana shows a bullish trend, with the EMA50 at $101.48 and EMA200 at $95.24 serving as long-term supports.

With the price testing upper Bollinger resistance at $107.89, the RSI(14) hitting 80.65 overbought, and the MACD confirming a bullish golden cross at 1.63, a healthy retracement to the 50-EMA support seems probable before continuation toward the next range.