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Solana gains 3.8%, eyes $120 if $87 support holds amid strong trading volume and bullish patterns

Technical Signals
17 Apr 2026
Coinpaper
View Source
Bullish
pluang ai news

Solana's price rose 3.84% to $88.87 with a weekly gain of 6.39%, driven by high trading volume exceeding $6.1 billion and liquidation activity fueling momentum. Technical analysis highlights a cup and handle pattern suggesting potential upside, with key support at $87 and resistance near $107. A monthly close above $90 could confirm a trend reversal, targeting $120, but failure to hold support risks a pullback to $70. Investors watch closely as short-term momentum and higher timeframe signals will shape Solana's next major move.

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