Solana: $73.5 Support Key to $120 Target

Solana must defend the $73.5-74 zone to keep printing higher lows and preserve the path toward $120 targets, according to trader @CryptoMichNL.

Price currently trades at $75.95 inside the Bollinger Bands with upper resistance at $77.48 and lower support at $75.04. The EMA50 at $75.13 and EMA200 at $75.05 act as immediate structural floors while RSI at 52.9 stays neutral and MACD shows a bearish death cross at 0.41. A test of upper Bollinger resistance near $77.48 combined with neutral momentum suggests a healthy pullback toward the 50-EMA support at $75.13 remains probable before continuation. This setup aligns with ongoing SOL price prediction models and Solana technical analysis focused on the higher lows pattern observed over the past year.