Solana Surpasses $120: Will It Overcome the $130 Resistance for $SOL?
Price Recovery: Solana has recovered to around $128.12 after dropping to $117 earlier this week, marking a recovery of over 10%. The $130 resistance level is crucial for determining short-term momentum.
Resistance Levels: Analysts suggest that if Solana can break through the $130 resistance, it may lead to further gains, with the next targets being $135 and potentially $144.
Network Activity Decline: Solana's network activity has significantly decreased by 97% in Q4 2025, dropping from over 30 million active traders to under 1 million, contributing to recent price volatility.
Support Levels: Initial support for Solana is near $125, with further support at $122 and $117. A drop below $117 could lead to additional declines toward $108.
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