The higher-timeframe picture is also shifting, with monthly momentum indicators improving after an extended bearish period. Solana is trading near $103.47 after slipping around 0.18% over the past 24 hours, according to Brave New Coin data.
Beyond price action, Solana continues to expand its role in tokenized real-world assets. The network reportedly handled $14.7 billion in tokenized asset trading over the past year, providing a fundamental backdrop as traders focus on $120 and $146 as the next major technical levels.
Solana Indicators Point to a Major Momentum Shift
Solana price has recorded its first green monthly candle in ten months after a strong recovery from the recent low around $60. The move alone does not confirm a full trend reversal, but it marks a notable change after months of persistent selling pressure. The momentum picture is also improving. Ash Crypto highlights that the monthly MACD is approaching a bullish crossover, while monthly RSI has broken above a descending trendline that had remained intact for roughly two years. Both developments suggest the larger bearish momentum structure may be starting to weaken.
If the MACD crossover confirms while SOL continues holding above $100, the combination would add weight to a longer-term recovery. The next challenge is translating those improving monthly indicators into sustained price acceptance above the resistance levels sitting between $120 and $146.
Solana Facing Next Resistance at $120
The daily chart has already produced one important technical change by breaking above the $97.70 resistance level. SOL price is now trading around $103-$105, leaving the former resistance zone as the first important support beneath price.
The setup highlighted by Ucan Coin places $120.23 as the next major resistance. A sustained move through $120 would confirm another higher high and could extend the recovery towards the larger $146.56 level.
As long as SOL remains above $97.70, the breakout structure stays intact. Losing that support would weaken the near-term momentum and could bring $81.35 back into consideration, making $97.70 the main level separating continuation from a deeper retracement.
Technical View: $146 Comes Into View Above $120
The current Solana price prediction is becoming more constructive as price establishes itself above $100. The first meaningful confirmation now sits around $120, where the daily chart shows the next major horizontal resistance.
A clean break above $120 could open a continuation towards $130-$140 before the larger $146.56 target comes into play. Reaching that level would represent another major step in reversing the broader decline from the 2025 highs.
The downside remains clearly defined. $97.70 is the first major support, while $81.35 represents the stronger lower level if the breakout fails. For now, continued acceptance above $100 keeps the $120-$146 recovery path active.
Bullish Pattern Flags a Long-Term Target
The higher-timeframe Solana price chart also shows a much broader bullish flag forming after the strong expansion from the 2023 lows. Price has spent an extended period moving lower inside a descending channel rather than completely reversing the previous uptrend.
Famous crypto analyst CryptoCurb interprets the structure as a potential continuation pattern, with a breakout from the upper boundary eventually opening a much larger expansion. The chart projects a highly ambitious move above $1,000 if the pattern resolves in the same direction as the preceding rally.
That target remains a long-term and highly speculative scenario rather than an immediate Solana price prediction. Before such levels become technically relevant, SOL would still need to break the flag, recover previous highs around $200-$300 and establish a completely new higher-timeframe expansion.
Solana and Tokenized Asset Volume
Solana’s growing role in real-world asset markets is adding another dimension to the longer-term outlook. Over the past year, the network reportedly settled $14.7 billion of approximately $46 billion in tokenized asset trading volume, representing roughly 32% of the reported RWA spot volume.
Data shared by Solana also shows Backpack generating around $1.5 billion in equity trading volume within two months, while BlackRock and Securitize accounted for approximately $993 million in institutional fixed-income issuance on the network. These figures do not directly determine SOL’s market price, but continued growth in the network could strengthen Solana’s fundamental position if the technical recovery continues.
SOL Technical Analysis Shows $100 as the Main Pivot
Solana’s short-term structure remains constructive while price trades above the $97.70-$100 region. This area now combines psychological support with the previous breakout level, making it the most important zone for bulls to defend.
Above current price, $105 remains an immediate hurdle before attention moves towards $110 and $120.23. A daily close above $120 would strengthen the broader recovery and expose $130-$140 before $146.56 becomes the next significant target.
On the downside, a loss of $97.70 would weaken the breakout and could send SOL towards the low-$90s. The larger support around $81.35 would become more important if the correction deepens.
Final Thoughts: Solana Conditions Changing?
Solana is showing several signs that the broader market structure may be changing. The first green monthly candle in ten months, an approaching MACD crossover, and the RSI breakout all point towards improving higher-timeframe momentum, while price continues to hold above the $97.70 breakout level.
The next important test is $120.23. Clearing that resistance would strengthen the Solana price prediction and put $146.56 into focus, while continued strength beyond that region could eventually begin challenging the much larger resistance levels left behind during the previous decline.
Fundamentally, Solana’s expanding share of tokenized asset trading provides another positive development to monitor. For now, the outlook remains bullish while $97.70 holds, but a decisive move through $120 would provide stronger confirmation that the current recovery is developing into a broader trend reversal.
Be the first to comment