- $120 has flipped from resistance in 2022 to key support in 2024–2025, tested 8 times, and is still holding for now.
- Solana’s recent bounce keeps the macro uptrend intact—holding $120 may open doors to $150–$180 in the coming weeks.
- If $SOL breaks and confirms below $120, the price may revisit previous accumulation zones between $100 and $84.
Solana is undergoing a key technical test as its price teeters around the $120 barrier, a price range that has characterized big trend changes in past market cycles. Recent data indicate Solana trading above this crucial support, prompting keen monitoring by the market participants.
Critical Support at $120
Crypto analyst Ali Charts noted that $120 is the make-or-break price for Solana. The tweet mentioned that this price has been the point around which major trend reversals happened in the past and one should watch the follow-up price action. The price has also reacted as resistance first and later as support, leading to distinct market reactions.
Technical graphs reveal repeatedly that Solana has been met by $120 in crucial trend reversal points. The asset sustained itself above this price, keeping its rising momentum. Past price action reveals that the $120 price point has repeatedly reversed trends when violated.
Technical Outlook for Solana
The chart shows Solana positioned above key interest as well as major higher timeframe support at $120. This area has been a source of several bounce points in past rallies and corrections. The asset’s current position presents an opportunity for a bounce if the buying pressure picks up.
Previously, Solana could not breach the $120 barrier in 2022, resulting in strong corrections. Recently, the same line has shown strong support in the rally of 2024-2025. The frequent tests at this line have put a strong psychological burden on traders.
Market Sentiment
Sustained above $120 would further uphold the thesis that Solana can rally towards the $150-$180 range. The maintenance of this support price is paramount, as a breakdown would probably see bearish momentum picking up. A sustained hold might induce more buying pressure and uphold the asset’s overall uptrend.
In the event of a breakdown below $120, the technical setup could change to hit lower levels around $100–$84. This would represent a trend reversal, instructing investors to rethink their positions. Traders are keenly observing the $120 level, as the resolution would determine the future market story of Solana.
