Coinidol.com: Solana Recovers Above Its $120 Crucial Support

Solana's (SOL) price has fallen below the moving average lines, reaching a low of $117 after breaking through the key support level of $120.

SOL price long-term prediction: bearish

Since November 21, 2025, Solana has been moving sideways, remaining above the $120 support but below the moving average lines and the resistance at $140.

On the downside, further declines in the cryptocurrency are unlikely as bulls defend the existing support. For the past month, the current support at $120 has held, with the altcoin continuing its sideways movement.

Yesterday, Solana is holding above the current support level as the altcoin rises. If buyers push the price above the moving average lines, the cryptocurrency could return to its previous high of $140. Meanwhile, the altcoin remains in the bearish trend zone. Solana is currently at $122.51.

Technical indicators

• Key supply zones: $220, $240, $260

• Key demand zones: $140, $120, $100

Solana price indicators analysis

The moving average lines are horizontal, with the 21-day SMA above the 50-day SMA. The price bars are below the moving average lines, indicating a decline. On the 4-hour chart, the moving average lines are sloping downward, and the price bars remain below them.

What is the next move for Solana?

Solana price has recovered above the key support level of $120. On the 4-hour chart, the cryptocurrency price fell to $117, but bulls bought the dips. The price is rising, but remains range-bound above the $117 support and below the moving average lines. The crypto signal is range-bound, with the altcoin returning above the $120 support.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.