Solana Holds Key $120–$130 Zone as Traders Watch for Break Above Resistance

Overview

• SOL slipped back to roughly $123 after briefly tapping $129.3 on Dec. 29, reinforcing a tight $120–$130 range.
• Analysts flag resistance across the $129–$140 band, with the 21‑day moving average capping recent rebound attempts.
• A confirmed daily close above the resistance band is viewed as a bullish trigger that could target $150 and potentially $160–$200.
• Failure to hold the $123–$124 area, or a drop through $120, would raise downside risks toward $115 and possibly $100–$103.
• RSI and MACD readings suggest seller fatigue as volume thins into year‑end, with James Easton, Crypto Tony, and Heisenberg outlining scenario‑based paths.