Solana traded around $105 on Friday after breaking above $97.70, a level that had previously capped the recovery and now serves as the key support for the bullish setup. Analyst Ucan noted that the breakout above $97.70 was holding, with the next major resistance identified at $120.23, followed by $146.56 if buyers can extend the recovery.
The immediate challenge is whether SOL can hold $97.70 as support. A sustained move back below that level would signal a failed breakout and weaken the bullish structure, with the next major support marked at $81.35. Holding above $97.70 would preserve the breakout and leave room for another advance toward $120.23.
Short-term liquidation data from Binance SOL/USDT shows a heavy concentration of leveraged positions around the $106–$107 area, making it an important pressure zone. A push through that zone could clear overhead resistance and bring $120.23 into sharper focus. Lower liquidity concentrations appear near $103 and $101–$102, creating potential downside levels to watch if momentum fades while still keeping the broader breakout intact above $97.70.
