Overview
- Solana trades near $127 with intraday bounces capped by resistance at $130–$132, where a trendline and moving averages are pressuring price.
- $120–$125 has repeatedly acted as demand, with several analysts warning that a breakdown could accelerate toward $112–$108 and, on some models, toward $100 if $121–$122 gives way.
- Lower‑timeframe charts show consolidation and responsive buying, but a recovery narrative requires a firm reclaim of $129–$132 and a subsequent break above roughly $145.
- On weekly timeframes SOL closed below the EMA200, reinforcing a cautious structural outlook with broader support zones cited around $89–$101 if selling extends.
- Charles Schwab has listed SOL futures, expanding regulated access for traditional brokerage clients without requiring direct token custody.