Solana Challenges Bulls Battle On

Solana Faces Resistance Amid Recovery Efforts

• Solana’s price started a recovery wave above the $120 resistance zone.
• The price is currently trading below $130 and the 100-hourly simple moving average.
• A short-term rising channel is forming with support at $124 on the hourly chart.
• The main resistance levels are identified at $128 and $132.
• If SOL fails to rise above the $132 resistance, it may decline further toward the $114 zone.

Solana’s price has recovered slightly above the $120 level but remains below key resistance points, including the significant $132 mark, indicating potential challenges in sustaining upward momentum.