Solana is currently trading above a very strong support area between 120 and 130, which is the same area from which the price started before the big rise. The presence of the price here is important because this area actually determines the direction of the currency for the coming days.
If the price remains stable at 120 – 130, there is a possibility we might see a rebound towards 145 – 160, and then if the momentum continues, it could reach 180 – 187, which is a strong resistance area.
However, if it breaks 120 with a clear weekly close, it will continue to drop towards the lower areas, which are 105 – 110, and with greater pressure, it might reach 85 – 95, which is a strong demand area in the long term
