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Reading: The $120 target gained strength in Solana: The critical test after the breakout has begun
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EdaFace Newsfeed > Latest News > Altcoin News > The $120 target gained strength in Solana: The critical test after the breakout has begun
Altcoin News

The $120 target gained strength in Solana: The critical test after the breakout has begun

vitalclick
Last updated: April 24, 2026 6:37 am
5 hours ago
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Contents
Trend break and critical retest period on daily chartFighting short-term downtrend on weekly chart

Solana price is testing decisive trend lines on both daily and weekly charts. In recent analysis, attention has turned to a possible direction change after the price broke a long-term falling trend line. According to market experts, the current technical outlook reveals that this breakout continues with a correction and retest phase.

Trend break and critical retest period on daily chart

On the daily chart, Solana has broken above a falling trend line extending from late 2025 to early 2026 that has been suppressing the price for a long time. This movement is shown in detail, especially in the chart shared by crypto analyst CryptoCurb. This resistance line, which has been strengthening for months, was also tested with sudden movements in the Binance stock exchange and regional geopolitical tensions in the past period.

However, this time, the price manages to hold above this line. All eyes are now on the retest taking place near the broken trend line. Technical experts point out that this area is of critical importance in terms of whether buyers can maintain control. If the price remains above the broken line, the upward move is expected to become permanent.

According to CryptoCurb’s analysis, the possible positive scenario depends on the successful completion of this retesting phase. If the price falls below the old line again, it may weaken the positive outlook and make the break seen so far temporary.



Analysts determine that “The critical structural transformation is that the price maintains the resistance it has overcome as support, which will be decisive for the continuation of the rise.”

Fighting short-term downtrend on weekly chart

On the weekly timeframe, Solana is struggling with another falling trend line. In the chart provided by technology-focused analysis company Rendoshi AI, it can be seen that the SOL price is trying to break out of the short-term downtrend that started after the peak in 2025. If this breakout occurs, the chart highlights the $120 level.

While it is observed that the falling line limits the recent recovery attempts, it is noteworthy that the price formed a base in the 75-80 dollar band. This structure is considered as sellers starting to lose their effectiveness. Since the price has not formed a new bottom recently, it is felt that buyers have strengthened their position.



On the other hand, above the current price, the $125 region stands out as a new resistance point. Dashboards are starting to produce positive momentum signals, especially with the RSI turning up from oversold levels. However, according to technical analysis, this alone is not considered a strong bullish sign.

The strongest sign at this stage focuses on whether Solana can break above the short-term falling trend line and stay there. If this success is achieved, a potential increase path will be opened towards the $ 120-125 range. Otherwise, Solana may follow a weak course in the current horizontal band.

Rendoshi AI analysis included the comment, “The crossing of the weekly trend line and the formation of a short-term base seriously strengthens the possibility of an uptrend.”

Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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