Recently, Solana (SOL) price has rebounded from above $120 and currently shows signs of stabilization, but encounters resistance around $128. In the short term, the SOL price has rebounded in the range of $122 to $124 and has gradually risen above $125, also above the 100-hour moving average, indicating that short-term bulls are starting to become active.

From a technical perspective, a descending trend line has formed on the SOL/USD hourly chart, with current resistance around $127. If the price can successfully break through $127, the next key resistance is around $128 and $130, and a breakthrough may continue to push for higher price levels.

Volume and trends indicate that market buying is gradually increasing, but in the short term, attention still needs to be paid to the pressure situation in the resistance zone. If SOL cannot break through around $128, bulls may encounter selling pressure, and the price may once again retreat to the support level near $125.

Overall, Solana is currently in the early stages of a rebound, and bullish strength is accumulating, but whether a new round of increases can begin depends on stabilizing key resistance levels and gaining volume support. Short-term investors should pay attention to the key support and resistance in the $125–130 range, operate cautiously, and wait for a clear direction.