Solana (SOL) has remained strong in the face of market volatility, holding above the $120 mark. Traders are monitoring whether SOL can maintain this support, with a potential recovery and rally possible if it does. However, losing this key support could lead to a deeper correction. Analysts, including Curb, believe that Solana's consolidation phase could lead to an explosive move once it breaks above the range. Curb forecasts a rally to the $400-$500 range, with further upside potential to $800-$1,000. The growing Solana ecosystem and institutional interest add to the optimism for long-term growth. The next move for SOL will be crucial in defining its trajectory for the rest of the cycle. Currently trading at $129.60, SOL needs to break above the 4-hour 200 moving average and target local supply at $160 to reverse the bearish sentiment and potentially start a rally. Falling below the $120 support level could indicate the end of the consolidation phase and a deeper correction.



Other News from Today