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Solana (SOL) has been trading below the $110 support, but the bears have failed to start a downward move. That suggests a lack of aggressive selling at lower levels.
Buyers are expected to face stiff resistance in the $110 to $120 zone. If the price turns down from the overhead zone, it will signal that the bears remain sellers on rallies. That heightens the risk of a break below $95. The
SOLUSDT pair may then tumble to $80.
Alternatively, a break and close above $120 suggests that the markets have rejected the breakdown below $110. The 50-day SMA ($135) may act as a resistance, but it is likely to be crossed. The pair could rise to $147 and, after that, to $180.