Solana In Support Zone: Can It Rise Again?

Solana (SOL), after receiving support at the $110 level on the daily chart, managed to break through the 126$ – 120$ resistance zone and rose to the downward FVG (Fair Value Gap) region.

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Positive Reaction from Support!

SOL gained traction from the $110 support level and broke through key resistance areas, showing a strong short-term rally. However, it faced some selling pressure at the downward FVG region, leading to a brief rejection. For now, the price seems to be receiving positive reactions from this region.

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Key Levels to Watch

If Solana successfully breaks above the downward FVG zone, we could see a move toward the $150 level. Achieving this level would significantly strengthen the trend.
However, if the support fails and the price moves downward, a retracement back to the $110 level could be seen. In this case, a further decline may follow.

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