Solana at a Defining Moment: Hold or Fold?
$SOL is currently trading around the $120 region a long-standing support that has held since early 2024 and underpinned much of Solana’s broader uptrend. Price action here is critical.
This is a classic decision zone.
If Solana successfully defends this level, it could spark a renewed move higher, with upside targets in the $180–$260 range as bullish momentum rebuilds.
But if $120 fails, the structure weakens significantly. A breakdown could open the door to a deeper correction, with $75 as the first major downside area and $50 not off the table if selling pressure intensifies.
The $120 support has been a core foundation of the current market cycle. Holding it keeps Solana positioned as one of the stronger altcoins heading into 2026. Losing it would likely shift sentiment from bullish to defensive.
Traders are watching closely.
A convincing bounce or a reclaim of $140–$150 would signal strength. A confirmed close below $120 would suggest the market is preparing for further downside.