Solana price is trading around $106.49 after dropping 0.19% over the past 24 hours, according to Brave New Coin data. SOL traded between $104.64 and $110.17 during the session, while its market capitalization climbed to roughly $62.17 billion amid nearly $6.85 billion in trading volume.
Solana Price Prediction Targeting $120
The recent rally has pushed Solana decisively above the $97 level that previously acted as resistance. After breaking through the zone, price returned to test it as support before bouncing back above $100, giving bulls a cleaner technical base for another continuation attempt.
The next major target sits around $120, according to Quinten Francois, whose chart shows little major structural resistance between the current range and roughly $119-$120. As long as $97 remains intact on pullbacks, the breakout structure continues to favor higher prices, while a move back below this level would weaken the immediate bullish setup.
Price and RSI Breakout Confirm a Momentum Shift
A strong momentum breakout has also supported Solana’s move above $100. Price previously escaped a long consolidation around $79-$80, while RSI simultaneously pushed through its own resistance area. That combination has already produced a rally of close to 40% from the breakout region.
Trader Symba sees another major expansion becoming possible above $105, with his setup suggesting another roughly 40% move if momentum continues. Such an extension would place SOL price around the $145-$150 region, although the elevated RSI also means short-term pullbacks would be normal after such a fast advance.
Solana Rainbow Chart Puts $139 in the Spotlight
A longer-term valuation model also suggests Solana is entering a more important part of its cycle. The Solana Rainbow Chart currently places SOL near the upper end of its “Fair Value” band, which sits around $90.75, while the next band labelled “Getting Spicy” is positioned near $139.29.
That makes the $139-$140 region particularly interesting if the current recovery continues. The chart shared by defidevcorp places higher valuation bands around $213.78 for “Frothy,” $328.11 for “FOMO,” and $503.59 for “Take Profits,” showing how much room could remain in a stronger long-term cycle. For now, however, $139 remains the nearest major rainbow-chart objective.
Solana Price & Network Strength
Price momentum is being supported by strong activity across the Solana network. Daily active addresses recently reached 5 million, putting Solana ahead of several other major chains in the comparison shared by the network’s official account.
The increase in activity adds a fundamental layer to the current recovery, especially as SOL attempts to establish itself above $100. Stronger usage does not automatically translate into higher prices, but sustained network activity alongside improving technical structure can strengthen the case that the current move is being supported by more than speculation alone.
SOL Facing Sell Wall at $108-$110
Despite the stronger trend, SOL is beginning to meet fresh supply after reaching the $108-$110 region. Order-book data shows a new sell wall forming around the current range, which could explain why price has struggled to extend immediately after touching a 24-hour high near $110.17.
The data shared by CW8900 also shows several buy walls sitting below price, including liquidity around the $100-$102 region and deeper support further down. This creates a short-term battle between buyers defending the breakout and sellers attempting to cap the rally near recent highs. Absorbing the sell wall would strengthen the next push, while rejection could lead to another retest of $102-$100.
Solana Price Prediction: $140-$150 Becomes the Bigger Target Above $105
The latest Solana price prediction is beginning to shift beyond the initial $120 target. With $97 already flipped into support and SOL trading above $105, the next sequence of upside levels sits around $120, followed by the $139-$140 region highlighted by the Rainbow Chart.
Momentum projections take the outlook slightly higher. If the breakout above $105 produces another move similar to the previous 40% expansion, SOL could approach $145-$150. That makes the $140-$150 area a more important medium-term target zone, while a clean break above $150 could eventually bring $180-$200 back into consideration.
Outlook Turning Bullish
Solana has moved from trying to reclaim $100 to attempting to build support above it. The most important area now sits between roughly $97 and $105. Holding this zone would preserve the breakout, keep the recent higher-low structure intact, and give buyers another opportunity to target $110 before moving towards $120.
A sustained break above $120 would strengthen the case for $139-$150, while continued network growth could provide additional support for a broader recovery. On the other hand, losing $97 would be the first meaningful sign that momentum is fading and could expose the mid-$90s or lower support areas again.
For now, the broader setup remains constructive as long as SOL continues holding its reclaimed breakout zone. The immediate test is whether buyers can absorb the fresh supply around $108-$110 and turn the current rally into a move towards $120 and eventually the larger $140-$150 target area.
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