Solana (SOL) Price Analysis: Key Support & Resistance Levels

Current Market Structure
SOL is holding a major support level around $110, which could act as a launchpad for a short-term rally.
This support has historically served as a strong demand zone, attracting buyers looking for a potential rebound.

Upside Potential: Resistance Zones to Watch
If SOL maintains $110 support, it could rally toward:
$140 (first key resistance level)
$150 (historical rejection zone)
These levels have previously triggered selling pressure, so traders should watch for possible rejections.

Downside Risk: Key Support Levels
If SOL fails to hold $110, further downside could lead to a test of:
$80, a stronger support level from previous price action.

Conclusion & Strategy
Bullish Scenario: Holding $110 could trigger a move toward $140–$150, but a breakout above these levels is necessary for sustained upside.
Bearish Scenario: A break below $110 could accelerate losses, leading to a retest of $80 support.
Key Watchpoint: Reaction at $140 resistance—a rejection here could indicate another leg down, while a strong breakout could confirm further bullish momentum.