Rainbow

bullish

Solana

Momentum

<p style="text-align: justify"><a href="https://en.coin-turk.com/solanas-nft-ecosystem-thrives-as-key-metrics-rise/" rel="noopener noreferrer nofollow">Solana</a> is currently trading near $106.49, reflecting a slight decrease of 0.19% in the last 24 hours. Throughout the latest session, SOL fluctuated between $104.64 and $110.17. Market capitalization has reached approximately $62.17 billion, supported by a trading volume close to $6.85 billion during the same period.</p>
<h2 id="technical-breakout-and-120-as-the-next-key-target">Technical breakout and $120 as the next key target</h2>
<p style="text-align: justify">A recent rally positioned Solana above previous resistance at $97. After breaking this level, the price revisited the zone, confirming it as new support before rebounding above $100. This move has provided buyers with a firmer foundation for potential further gains.</p>
<p style="text-align: justify">Analyst Quinten Francois identified $120 as the next major target, noting the absence of significant structural resistance between current levels and the $119-$120 range. Francois stated that holding $97 on future pullbacks remains crucial for maintaining the bullish setup, while a dip below this threshold could weaken momentum.</p>
<blockquote>
 <p>Quinten Francois has observed that, “As long as $97 remains intact, the breakout structure continues to favor higher prices. A move back below this level would weaken the immediate bullish setup.”</p>
</blockquote>
<p style="text-align: justify">Trading activity and chart analysis suggest that, for now, buyers are firmly in control, focusing on further upside toward $120.</p>
<h2 id="momentum-and-rsi-signal-expanded-upside">Momentum and RSI signal expanded upside</h2>
<p style="text-align: justify">Solana’s technical momentum has strengthened alongside a breakout in its relative strength index (RSI). After exiting a long-standing consolidation at $79-$80, both price and RSI pushed above key resistance, contributing to a nearly 40% rally from that breakout region. According to trader Symba, a sustained move above $105 could trigger another expansion of roughly 40%, bringing price targets into the $145-$150 area. Although high RSI readings could prompt short-term corrections, technical structure remains supportive as long as buyers defend current support zones.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Resistance Level</th>
   <th>Support Level</th>
   <th>Potential Target</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$108-$110 (Sell wall)</td>
   <td>$97 (Key support)</td>
   <td>$120, $140, $150</td>
  </tr>
 </tbody>
</table>
<h2 id="rainbow-chart-and-long-term-valuation-bands">Rainbow Chart and long-term valuation bands</h2>
<p style="text-align: justify">The Solana Rainbow Chart, a long-term valuation tool, currently places SOL at the top of its “Fair Value” band around $90.75. The next valuation band, “Getting Spicy,” is located near $139.29. If momentum persists, analysts will watch for potential advances further into the $139-$140 area.</p>
<p style="text-align: justify">Higher bands on the chart highlight potential longer-term targets. These include $213.78 (“Frothy”), $328.11 (“FOMO”), and $503.59 (“Take Profits”). At present, the $139 region remains the nearest significant valuation milestone should the recovery continue.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Solana Rainbow Chart, a visual model that assigns different valuation bands to SOL based on historical price trends, often used by traders to estimate zones of overvaluation or undervaluation.</p>
<h2 id="network-activity-strengthens-outlook">Network activity strengthens outlook</h2>
<p style="text-align: justify">Solana’s network continues to display strong fundamental support for price action. Daily active addresses have surpassed 5 million, placing the network ahead of many major blockchains and reflecting continued interest from users and developers.</p>
<p style="text-align: justify">While network activity does not inherently guarantee price increases, consistent usage alongside constructive technicals bolsters the case for sustained recovery in SOL’s price trajectory.</p>
<h2 id="short-term-resistance-and-support-dynamics">Short-term resistance and support dynamics</h2>
<p style="text-align: justify">Despite bullish momentum, order-book analysis reveals a growing sell wall in the $108-$110 range. This supply barrier is causing resistance and has so far limited immediate follow-through after the price reached its recent daily high of $110.17. Below current levels, liquidity and buy walls have formed around $100-$102 and lower, suggesting a defined battleground between buyers and sellers. If sellers succeed in capping the rally here, a retest of $100 is possible. Conversely, absorbing this sell wall could clear the path toward higher targets.</p>
<h2 id="medium-term-price-prediction-and-key-levels">Medium-term price prediction and key levels</h2>
<p style="text-align: justify">With $97 now acting as solid support and SOL trading above $105, analysts are eyeing $120 as the immediate upside objective. Beyond $120, both the Rainbow Chart and momentum-based projections point toward the $139-$150 range as significant milestones if current trends persist. A renewed break above $150 may then bring the $180-$200 area into play.</p>
<blockquote>
 <p>If SOL repeats another 40% momentum rally from its current base, price could reach the $145-$150 region, expanding medium-term targets beyond the initial $120 goal.</p>
</blockquote>
<p style="text-align: justify">Maintaining support between $97 and $105 will be critical for buyers to preserve the breakout structure and pursue higher highs.</p>
<h2 id="overall-outlook">Overall outlook</h2>
<p style="text-align: justify">Solana is transitioning from reclaiming the $100 level to building a base above it, with near-term fluctuations centered between $97 and $105. If buyers manage to overcome added supply around $108-$110 and push price above $120, the path toward the $139-$150 zone grows clearer. Continued network growth and robust trading activity are strengthening the fundamental backdrop, but any loss of the $97 support would likely signal a retreat in bullish momentum and could expose the mid-$90s or lower levels.</p>
<p>The post <a href="https://en.coin-turk.com/solana-trades-at-106-targets-120-and-140-as-analysts-watch-breakout-zones/" rel="noopener noreferrer nofollow">Solana trades at $106, targets $120 and $140 as analysts watch breakout zones</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana trades at $106, targets $120 and $140 as analysts watch breakout zones

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