Analyst Ali Martinez highlights that Solana’s price action shows a strong support level at around $120, crucial for maintaining bullish momentum. Chart analysis reveals repeated bounces above this mark in recent weeks, demonstrating the significance of this level as an area of high demand. The horizontal structure suggests that this support is not merely psychological but also holds substantial technical meaning, with prices consistently respecting it across various timeframes. 🔎 📈 If Solana continues to trade above $120, further price gains towards resistance zones near $135-$140 could occur. However, a breakdown below this level might trigger a deeper correction, potentially leading to a revisit of the $100-$105 range. 📉 🚨. As one of the leading Layer-1 blockchains, Solana’s behavior around this support level could shape its future short- and mid-term price trends. Trading activity is advised to watch closely for key decision points as they could influence SOL’s trajectory.