Solana price nears $90 resistance with potential rally to $120 amid strong buying and short squeeze.

Solana (SOL) recently hit a key resistance level at $90, driven by increased trading volumes and a significant short squeeze that liquidated $16 million in SOL shorts. This momentum suggests a potential breakout above $90, which could lead to a rally targeting $120 in the short term and possibly $200 within 3 to 6 months. Despite low fees and reduced activity in Solana's ecosystem, technical indicators like the weekly RSI signal a strong recovery phase. Investors are advised to watch for confirmation of a breakout and buy signals before entering positions.