Solana price holds 4-hour Supertrend as $120 resistance looms

SOLUSD — near-term impact: mixed, with a modestly constructive bias while support holds. The rebound above the 4-hour Supertrend keeps the short-term setup intact, but cooling momentum and repeated selling near $120 mean the recovery is not yet confirmed. A sustained move above roughly $119.90–$120 would strengthen the case that buyers are extending the rally; failure there could leave SOL vulnerable to another pullback.

The key near-term test is the $112.38 Supertrend area. Holding it would preserve the rebound structure; a decisive break would weaken it and put the $110 area in focus, with the article noting a possible deeper downside scenario toward $96—not a confirmed target. Estimated leveraged-position clusters around both $120 and $112–$113 could intensify moves if price reaches them, but do not establish which direction comes next.

This is primarily a short-term technical catalyst, not a change in Solana’s fundamentals. Traders should watch whether price holds support, how it behaves on any retest of $120, and whether broader crypto risk appetite confirms the move.