Solana is eyeing the $140 milestone, with RSI showing an upward curve that hints at a potential price reversal. CoinMarketCap data show SOL trading around $124, up 1.9% in the last 24 hours. Trading volume has surged more than 93.8% to $3.53 billion as investors accumulate the coin. The price has held the $118-120 support zone, a psychological and historical level defended in past corrections.
The RSI sits at 41.82, indicating neutral-to-bearish momentum, with selling pressure easing but buyers not yet stepping in. If the $118-120 support holds, a short-term rebound could unfold as bears exhaust and momentum shifts higher. A move to $140 would require roughly a 13% gain from about $124, a modest rebound given SOL’s all-time high near $295. Solana’s ecosystem momentum remains favorable as DeFi and NFT projects continue to grow on its high-speed, low-cost network.
A major catalyst is the upcoming integration between Solana and Cardano, a cross-chain bridge that could unlock ADA liquidity and broaden SOL’s utility. Bitcoin’s holiday rally could provide upside momentum if institutions maintain or increase their SOL exposure, and the Solana ETF has seen substantial adoption since its late-October launch.
Leave a Reply