Solana is trading above the $125 level after bulls stepped in and reclaimed key levels, sparking optimism across the market.
Some analysts see this move as a bearish setup rather than a reversal, as Solana may be retesting the breakout zone from a right-angled ascending broadening pattern.
Solana's price action around $125 in the coming days will determine the strength of the recovery and whether it leads to a deeper correction.
The $125 level acts as a make-or-break point for bulls, with a need to reclaim higher resistance at $135-$145 for a full recovery rally.