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Solana Attempts Recovery as Price Stabilizes Above Key Support Levels
Solana is stabilizing above $130 with improving technicals, but a breakout above $135–$140 is essential to confirm momentum and avoid a potential drop toward $124 or lower.
Solana is showing signs of recovery after rebounding from the $125 zone, supported by a bullish trend line near $130 and trading above its 100-hourly SMA. The token is consolidating below resistance levels at $135 and $140, with a potential move toward $145 if momentum strengthens. Technical indicators such as the hourly MACD and RSI reflect improving sentiment. However, failure to break $135 could push SOL back toward supports at $127 and $124, risking a decline toward $120.