Solana’s price sits near $126 as traders eye a potential move toward the $120 support zone. The price of Solana (SOL) has declined by 0.54% since yesterday. On the hourly chart, the rate of SOL might have set a local support at $125.98.
If the daily bar closes far from that mark, traders may witness a test of the resistance by tomorrow. From the midterm point of view, there are no reversal signals so far. SOL is trading at $126.61 at press time. On the bigger time frame, the price of SOL is on the way to the support at $124.67.
If a breakout happens, the accumulated energy might be enough for a more profound drop to the $120-$122 range. If the weekly candle closes around the current prices or below, one may see a test of the $116.88 support soon. Solana’s price hovers near $126 after a 0.54% decline from yesterday, with local support seen at roughly $125.98 on the hourly chart. A daily close significantly away from this level could set the stage for a test of resistance in the near term.
From a broader viewpoint, there are no reversal signals yet, and SOL is currently at about $126.61 at press time. On a larger time frame, the asset appears to be headed toward the $124.67 support. A breakout beneath this level could amplify downside momentum toward the $120–$122 zone, potentially extending to $116.88 if weekly candles close around current prices or lower. Traders should watch for daily closes and any energy buildup that might precede a sharper move.
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