Solana Builds Momentum Near $90 as Analysts Eye $120 Upside

Solana is regaining attention as price action shifts from weakness into a structured recovery phase. Recent market behavior suggests buyers are quietly stepping back in after months of pressure. Analysts now point to improving technical signals, which indicate that Solana may be preparing for a stronger upward move. 

Bullish Structure Begins to Take Shape

BitGuru highlights that Solana has moved beyond its prior downtrend and entered a consolidation phase. This transition often signals accumulation by larger players. Price stabilized near the $78–$80 zone before forming a base, which helped establish a stronger foundation.

Moreover, Solana continues to print higher lows, reflecting growing buying interest. The reclaim of the $84–$86 support zone reinforces this shift in sentiment. Consequently, momentum now appears more stable compared to previous attempts.

However, resistance between $90 and $92 remains a major hurdle. A decisive breakout above this range could unlock the next upward leg. Holding above $86 remains critical to maintain the bullish structure.

Ascending Channel Points Toward $100

Satoshi Flipper focuses on the daily chart, where Solana follows a clean ascending channel. This pattern signals controlled growth rather than impulsive spikes. Price consistently respects mid-channel support around $83–$85, which aligns with key pivot levels.

Source: X

Additionally, this steady structure suggests that buyers remain active during dips. Resistance still clusters near $90–$92, making it a decisive breakout zone. If bulls push through, momentum could accelerate quickly.

Significantly, the channel projection points toward the psychological $100 level. A move above $100 could shift sentiment further and attract new capital. Analysts also note that sustained strength could extend toward $120 in later phases.

Long-Term Reversal Signals Strength

Cryptorand adds a broader perspective, noting Solana’s resilience after a prolonged decline. Price rebounded strongly from the $75–$80 range, signaling firm demand at lower levels. This rebound helped reclaim key territory near $90–$95.

Moreover, Solana now approaches a one-year descending trendline. This level represents a major technical barrier. A confirmed breakout above it could validate a full trend reversal.

Consequently, upside targets expand toward $120–$126, with potential extensions to $140 and $160. These levels align with previous consolidation zones, making them realistic milestones.

As of press time, Solana trades at $87.63, supported by rising volume and steady demand. The market now watches whether resistance breaks or consolidation continues.