From 100 again—will the path open to 120?
Hello traders! 🔥
Solana is reclaiming the 100 level strongly, and the price is currently near 99.8 after reaching the 102.5 area on the chart.
But after this jump, the most important question: do we see a new breakout, or a correction to gather liquidity?
📊 Key levels:
🔴 Resistance: 102–106
A breakout and holding above 106 may open the way to 115 and then 120.
🟢 First support: 98–100
If it breaks, the price may drop back to test 92–94.
🔵 Main support: 92–94
An important zone to maintain the bullish structure.
🔥 Why is SOL in the spotlight?
• Governance proposals aimed at reducing inflation and speeding up the supply contraction.
• Network activity is still strong, with rising transactions and usage.
• $BTC returning above 80K gave additional momentum to alternative coins.
• Growing interest in Solana Staking ETF products.
⚠️ But caution matters:
Momentum is strong, and the price is approaching the 102–106 resistance area—any failure to break out may push toward quick profit-taking, especially with rising Long positions.
🎯 The strongest scenario:
Holding above 100, then breaking 106 = an opportunity to target 115–120.
On the other hand, losing 98 may make 92–94 the next testing zone.
💬 What do you think?
Will SOL break 106 and start the 120 journey 🚀
Or does the market need a correction first? 👇
$SOL
#Binance
Hello traders! 🔥
Solana is reclaiming the 100 level strongly, and the price is currently near 99.8 after reaching the 102.5 area on the chart.
But after this jump, the most important question: do we see a new breakout, or a correction to gather liquidity?
📊 Key levels:
🔴 Resistance: 102–106
A breakout and holding above 106 may open the way to 115 and then 120.
🟢 First support: 98–100
If it breaks, the price may drop back to test 92–94.
🔵 Main support: 92–94
An important zone to maintain the bullish structure.
🔥 Why is SOL in the spotlight?
• Governance proposals aimed at reducing inflation and speeding up the supply contraction.
• Network activity is still strong, with rising transactions and usage.
• $BTC returning above 80K gave additional momentum to alternative coins.
• Growing interest in Solana Staking ETF products.
⚠️ But caution matters:
Momentum is strong, and the price is approaching the 102–106 resistance area—any failure to break out may push toward quick profit-taking, especially with rising Long positions.
🎯 The strongest scenario:
Holding above 100, then breaking 106 = an opportunity to target 115–120.
On the other hand, losing 98 may make 92–94 the next testing zone.
💬 What do you think?
Will SOL break 106 and start the 120 journey 🚀
Or does the market need a correction first? 👇
$SOL
#Binance
