solanaspot

$SOL is trading around $122–123, after a strong recovery this week. The move is being supported by renewed institutional demand and anticipation around Solana’s Alpenglow upgrade, which is targeting much faster transaction finality. At the same time, recent selling from Pump.fun has added some supply pressure.
Technically, $120–121 is the key support zone. Holding above it keeps the short-term structure constructive, while $115–116 becomes the next important downside support if that zone fails. On the upside, $122.70–123 is the immediate resistance; a clean break and hold above it could open the way toward $130, where the next major supply area comes into focus.
For now, $SOL looks more like a breakout-confirmation setup than a place to chase an extended move. Volume and the ability to hold above $120 will be important in determining whether the current recovery can continue.

Support: $120–121 → $115–116
Resistance: $122.70–123 → $130
Key level: $120
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