Solana (SOL) has rebounded from its lows and climbed back above the $115 level. Market attention is now focused on the price action expected around the $120–$125 zone.

Regarding the background of the rebound, according to technical analysis shared on the CoinMarketCap community, Solana fell to the $75–$80 range before recovering. It then reclaimed the $100 level and rose to around $115, partially recovering from its previous decline.

Short-Term Resistance Candidate: $120–$125 Among the key technical price levels, the $120–$125 zone has been identified as a short-term resistance candidate. This zone coincides with a downtrend line on the chart, so rather than a simple intraday breakout, the focus is on whether the price can hold above $125 on the weekly chart.

Upside Watch Levels: $160, $200, and $240–$250 If the price continues to move above $120–$125, $160 and $200, followed by the $240–$250 range, have been presented as successive technical watch levels. Above that, the $250–$270 area has also been mentioned as a resistance candidate. However, these prices are not targets that predict or guarantee a rally; they are levels presented to examine potential chart resistance. In particular, since $250–$270 is considerably far from the current price, it should be treated as a mid- to long-term chart level rather than being directly tied to short-term outlook.

Downside Support Zone: $100–$105 On the downside, $100–$105 has been identified as the primary zone to watch. Whether the price holds this area will indicate whether the recent rebound can be sustained. If the price is pushed back below $100, the $80–$85 range is cited as the next support candidate.

Short-Term Variables and Considerations For now, the price action around the $120–$125 zone is the key short-term variable to watch. However, the cryptocurrency market can quickly deviate from technical price levels depending on trading volume, overall market direction, and macroeconomic conditions, making it difficult to determine future direction based solely on specific support or resistance lines.

[This article is informational content based on publicly available market data and technical analysis, and is not investment advice. The price levels mentioned are observation ranges presented in technical analysis and do not guarantee actual price movements. Cryptocurrencies are highly volatile, and responsibility for investment decisions and losses lies with the investor. AI was used for some sentences and data compilation.]