Web Analytics
Coinpaper
2026-04-24 04:49:01

Solana Price Prediction: Can SOL Break Toward $120?

Solana is testing key trendlines on both the daily and weekly charts, putting the next move under close focus. One setup shows a breakout retest already in play, while the other points to $120 to $125 as the next target if buyers push through resistance. Solana Breakout Retest Puts Focus on Trend Reversal Solana has moved above a long descending trendline on the daily chart, and the setup now points to a possible trend change. The chart shared by CryptoCurb shows SOL breaking out after months of trading below falling resistance. It also marks a retest zone near the breakout point, which often matters because buyers need to hold that area to confirm the move. SOL / TetherUS 1D Chart. Source: CryptoCurb on X The chart connects several lower highs from late 2025 into early 2026 with a blue downward trendline. That line capped price more than once, including around the periods labeled Binance flash crash and Iran war escalation. Now price has pushed through that barrier and is sitting near the breakout area instead of falling back under it. That shift suggests selling pressure may be weakening. At the same time, the chart outlines a bullish path only if the retest holds. The green projection shows a climb from the breakout zone toward higher levels over the next phase. In other words, the breakout alone is not the full signal. The stronger confirmation would come if SOL keeps holding above the broken trendline and turns it into support. So the key issue is structure, not the aggressive caption on the chart. Solana has improved its technical picture by breaking a long downtrend line and attempting a retest. If buyers defend this area, the breakout case strengthens. If price slips back below the trendline, however, the bullish setup would weaken and the breakout could fail. Solana Tries to Break Short Term Downtrend as $120 Becomes Next Chart Target Solana is testing a falling trendline on the weekly chart after holding above the mid-$70 support area. The setup shared by Rendoshi AI shows SOL trying to push out of a short term downtrend that started after its late 2025 peak. If that break holds, the chart points to the $120 area as the next major level. Solana / U.S. Dollar 1W Chart. Source: Rendoshi AI on X The trendline matters because it has capped the recent rebound attempts. Now price is pressing into that line while building a base above support near the $75 to $80 zone. That structure suggests sellers may be losing control, especially as the chart avoids a fresh breakdown below the recent lows. At the same time, the horizontal level near $125 stands out as the next resistance area above current price. That matches the green arrow on the chart, which points to a recovery move toward that zone. The RSI panel also shows a bounce from near oversold levels, which supports the idea of improving momentum, though not a confirmed breakout on its own. For now, the key signal is whether SOL can move above the descending trendline and stay there. If that happens, the path toward $120 to $125 becomes more credible. If it fails, however, Solana could remain trapped in a weak range above support instead of starting a broader recovery.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.