- Interestingly, Solana was trading at $127.47 and above the support of $125.71 with the volatility being congested.
- The resistance that remained at 130.39 was however capping the upside even when the price gained 0.4 percent a day.
- At the same time, the level of $120 was structurally pertinent and price was higher than the larger upward trend.
Solana was trading almost in a very important technical area as the price movement became tight around the highly anticipated zone of $120.
The market data also pegged Solana to 0.001443 BTC with 1.6% upside versus Bitcoin. This stand had SOL above the short-term support and closer to the short-term resistance. It is worth noting that traders still concentrated on structure as opposed to momentum as the price moved in a narrower range.
Price Holds Above Support as Compression Builds
The activity in the prices was held at the higher side of the price of $125.71 ranging at the support level; it was a very close quote of the last reaction lows. Nonetheless, trading in this zone became smaller indicating a less volatile price over the 24-hour period. This was when SOL was varying within specific lines, and the lower limit was continuously repelled.
Consequently, the market players were following the ability of the buyers to sustain the control beyond 125.71. This tendency was relevant since the price stability located around the support is often followed by the directional motion. Thus, the expansion was no longer a priority and preservation became a priority, which preconditioned the next step in development.
Resistance Zone Caps Near-Term Upside Attempts
As price consolidated, attention turned upward toward the $130.39 resistance level. This threshold capped recent advances and limited follow-through despite intraday strength. However, price action remained orderly, avoiding sharp rejections near resistance. That balance suggested ongoing participation on both sides of the market. Meanwhile, the current price at $127.47 positioned SOL closer to resistance than support. Consequently, traders continued monitoring how price reacted within this narrowing band, especially as compression persisted.
Key Inflection Level at $120 Remains in Focus
Beyond immediate levels, the broader structure emphasized $120 as a key inflection area. The chart structure showed price respecting an ascending trend line that converged near this zone. Importantly, SOL remained above this level throughout recent sessions.
This alignment reinforced $120 as a technical reference rather than an active trading level. As price hovered above it, market structure stayed intact. Therefore, future price behavior depended on whether SOL continued holding above support while engaging resistance.
