Solana Breaks Key Descending Trendline: Is a Move Toward $120 Back in Play?

$SOL is currently trading around $85.50, reflecting a modest 24-hour decline of approximately 0.4%. While short-term price action shows slight weakness, broader technical signals suggest a potentially more significant development.

Market analysts are closely monitoring a breakout above a months-long descending trendline visible on both the daily and weekly charts. This technical shift indicates a possible change in market structure, with bullish momentum gradually building.

If the breakout sustains, upside targets in the $120–$125 range could come back into focus. However, despite the improving technical outlook, confirmation through continued strength and volume will be essential.

For now, price action remains at a critical juncture balancing short-term pressure against a developing higher-timeframe breakout setup.$SOL