Solana Price Faces Key Resistance at $126

Krutika Adani

Current Price Action & Key Resistance

  • Solana struggling below $132

  • Key resistance at $126

  • Consolidation pattern forming on hourly charts

Technical Indicators

  • Support at $124

  • Rebound from $122, testing 23.6% Fibonacci retracement

  • Trading below $130 and 100-hour SMA

Bullish Scenario – Targeting $132

  • Breaching $126 and $128

  • Decisive break above $132 could fuel upward momentum

  • Next target at $136, with $142 in sight

Bearish Scenario

  • Initial support at $124, risk of fall below $122

  • Potential drop to $115, testing $102

  • Mixed technical outlook, MACD showing reduced bearish momentum

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