solana (SOL) price recently managed to climb above $100, rising over 5.5%. While the SOL price offers an optimistic outlook in technical indicators, expectations are for it to exceed $ 125.
Moreover, Solana has already broken through the short-term descending trendline resistance and is preparing to retest this breakout level to be confirmed as new support. As SOL regaining $100 looks increasingly likely in the near term, analysts are debating whether significantly further upsides could occur.
Can Solana Price Exceed $125?
Some analysts see SOL revisiting formidable resistance near $125 if quantitative trends, along with the broader risk resurgence in digital assets, shift decisively in favor of buyers throughout February.
However, analysts offering more ambitious predictions refuse to rule out an attack on SOL’s record near $260 or even $1,000 based on past parabolic performances.
Of course, historical data also warns that the volatility trend and gravity-defying triple- or four-digit percentage rallies in the Solana price will not last long.
If the bulls lose their strength, it could decline to the support around $80 and trigger a sharp decline. Losses here carry the risk of falling below $50.