Solana price is trading near $85.50 with a 24-hour decline of roughly 0.4%, putting bulls on defense heading into the weekend, but the more interesting question is whether this dip masks a larger setup quietly forming on higher timeframes.
Technical analysts are watching two converging trendlines across the daily and weekly charts, with a confirmed breakout above a months-long descending resistance potentially pointing toward $120–$125. The chart doesn’t lie, but it doesn’t promise anything either.
Analyst CryptoCurb shared a daily chart showing SOL punching through a falling trendline that had capped price through multiple macro shocks, including a Binance flash crash and Iran war escalation events in late 2025.
The breakout is real, but the setup now hinges on a retest hold: buyers must defend the broken trendline as new support or the signal weakens fast.
Separately, Rendoshi AI flagged the weekly chart, pointing to $120 as the next major target if the short-term downtrend from SOL’s late-2025 peak breaks conclusively.
With the 200-Day SMA towering at $116–$124 and weekend liquidity typically thin, the next 48 hours carry outsized significance for SOL’s medium-term trend. Bitcoin’s own accumulation dynamic adds a macro layer worth tracking alongside Solana’s setup.
Can Solana Price Hit $120 This Week?
SOL is stuck in a tight range, and right now it is not trending, it is just deciding, with price sitting just under the 50-day average and no real volume backing either side.
The key area is around $85. As long as that holds, structure stays intact and this looks like a normal consolidation, not weakness.
If Solana price can push above $88.7 and hold it, that is where momentum starts to build and opens a move toward the low $90s, which would shift the short-term narrative.
More realistically though, it probably just chops between $85 and $88 for now while the market waits for a trigger.
The risk is if $84 breaks, because that weakens the structure and brings $82 back into play, delaying any recovery.
So this is a simple setup, hold above $85 and it builds, lose it and the grind lower continues.
What if Newly Launched LiquidChain is The Solana of This Cycle?
SOL pushing toward $120 sounds strong on paper, but zoom out, and it is still a large-cap move, roughly 40% upside from an already massive network, so the explosive phase is mostly behind it.
That is why attention is shifting toward earlier-stage infrastructure, where the upside is not yet priced in, even if the risk is higher.
LiquidChain is aiming at that angle, building a cross-chain liquidity layer that connects Bitcoin, Ethereum, and Solana into one execution environment. The idea is to remove fragmentation so developers can tap into all three ecosystems without rebuilding each time.
The timing makes sense, with liquidity flowing into both ETH and SOL, but the project itself is still early. The presale sits around $0.01452 with a relatively small rise so far, indicating it is in the early accumulation phase and not yet widely priced.
But that also comes with the usual trade-off: presales are illiquid and depend entirely on execution and adoption later on.
So the setup is clear, SOL offers more stable, slower upside, while something like LiquidChain offers higher potential but with much higher uncertainty.
VISIT LIQUIDCHAIN HERE
The post Solana Price Just Broke a Months-Long Descending Trendline: Are $120 Targets Finally Back on the Table? appeared first on Cryptonews.
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