Solana's Price Fluctuates as Analysts Eye $120 Target

Solana's price has been hovering around $106.49, a slight decrease of 0.19% in the last 24 hours.

This fluctuation between $104.64 and $110.17 comes as market capitalization reaches approximately $62.17 billion, supported by a trading volume close to $6.85 billion during the same period.

Analyst Quinten Francois notes that holding $97 on future pullbacks remains crucial for maintaining the bullish setup, while a dip below this threshold could weaken momentum.

The Rainbow Chart and long-term valuation bands place SOL at the top of its 'Fair Value' band around $90.75, with potential longer-term targets including $213.78, $328.11, and $503.59.