Solana faces resistance at $120 after a steady climb.
SOL forms a short-term top, echoing Bitcoin and Ethereum declines below $112 support.
SOL is currently within a Descending Channel pattern on its daily chart.
Potential breakdown below the 50 Day MA could trigger panic selling toward $68.
Despite a bullish weekly chart, market slump prompts a retest phase for Solana.
SOL struggles below $100, grappling with increased supply after losing psychological support.
A 20% drop in two weeks and higher price rejections in weekly candles signal a potential downtrend continuation.
Sideline buyers eye $100 breakout as an entry point, targeting upside potential to $125.
According to Coingabbar's analysis, a drop below the 50-Day MA at $88.50 may push SOL to $68.
Coingabbar's analysis suggests that Solana Price Prediction 2030 could reach a minimum of $270.
Coingabbar's analysis suggests that Solana Price Prediction 2040 could reach a minimum of $500.
KEY LEVELS :
RESISTANCE LEVEL : $98-$104
SUPPORT LEVEL : $91-$87
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