Solana Holds Steady Above $112 Despite Unlock Fears—Will It Break $124?

Key Support and Resistance Levels to Watch

Solana is now in a critical technical zone. A clean break above $124 could open the door to $126 and $130, but failure to do so might send the price back toward the $112 support area.

According to analysts like Scott Melker, a potential double-bottom reversal pattern may be forming—but it won’t be confirmed unless SOL convincingly breaks above the $130-$147 range.

Solana Price Map:

Level Significance

$124 – Immediate resistance, near-term breakout trigger

$126–$130 – Secondary resistance zone, confirms bullish bias

$147 – Critical resistance; breakout here could spark a rally

$112 – Key support—failure here risks a move below $100

Market Sentiment: Turning Bullish or Still Cautious?

Despite the massive token unlock, Solana’s price hasn’t unraveled, hinting that much of the selling pressure may already be priced in. However, sentiment remains cautious, as volatility could return quickly—especially if trading volume picks up or Bitcoin sets the tone for the broader market.

For now, SOL remains range-bound, and the next move will likely depend on whether bulls can build momentum above $124–$130. A rejection at resistance could lead to a revisit of the $112 zone, or even a temporary drop below the psychological $100 mark.

Final Take: Watch the Breakout Zones

Solana’s price is holding up in a high-stakes range. If $124 is cleared with volume, a bullish shift could follow—especially if the token climbs toward $147. That would mark a potential reversal and reintroduce the possibility of new 2025 highs.

But if the price stalls here and slips back toward support, traders should be prepared for renewed downside risk. Either way, the next few sessions will be critical in defining Solana’s short-term trend.