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The technical structure of Solana reflects a rise exceeding 60%, but the breakout depends on $125.
The Solana coin is trading near the key support level of $112 with momentum tightening and the $125 level appearing as a crucial breakout point amid bullish on-chain trends.

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Solana is receiving major support as AI-driven cryptocurrencies surge, led by whales.
The SOL token maintains its stability at the support level of $112 with a strong reaction in volume, indicating accumulation.
The Relative Strength Index and MACD indicator indicate a momentum reversal with price pressure near the key breakout area.
The level of $125 is considered a pivotal point, linked to previous highs and strengthening ecosystem metrics.
Solana's share settles at $112.75, after a decline of 5.29% during the day as it approaches a long-standing upward trend line. The price movement near the $112 level indicates continued structural support, increasing enthusiasm for the upcoming price movement.

Technical Analysis for TradingView
Tracking market behavior on TradingView reveals that SOL is still within an upward channel extending from late 2023 to April 2025. The price has touched the support level across six defined areas, followed by each rebound with increased trading volume and an upward reaction. The upper channel resistance remains stable at a level ranging from $300 to $400, forming the upper limit of the trend.