**How to View Solana Now?**

Current price is $124.55. Frankly, this level is the critical threshold between life and death. The candlestick chart shows signs of a bottoming out—appearing to be the last line of defense for the bulls. Once broken below, the pattern could evolve into a massive double top or head-and-shoulders, which would be problematic.

But this is also the golden zone for long positions. Although the short-term trend is downward, the $120 level has a strong consensus—it's the cost basis for institutions and ecosystem holders. For a leading blockchain like Solana with genuine ecosystem support, retesting the bottom of the major range often presents a good entry opportunity.

**Key Levels to Watch:**

On the resistance side, focus on $150-$160 (the previous rebound resistance), and mid-term look at $180-$200 (the head area, a critical trend reversal zone). On the support side, the lifeline is at $115-$120 (multiple rebounds and institutional cost basis), with an extreme bottom at $80-$100 (if $120 fails, panic selling could push toward key round numbers).

**What Is Volume Telling Us?**

When the price hits support, there’s no significant increase in volume—indicating panic selling has largely exhausted itself, and selling pressure is waning. Those who haven't cut losses at $120 are unlikely to sell now. This signals strong holding sentiment.

**How to Operate?**

If you already hold positions—this is the moment to test your conviction. Hold firmly above $120, waiting for the Solana ecosystem to recover and drive a rebound. Don’t set tight stop-losses; keep them above $110.

If you are out of the market—consider dollar-cost averaging in the $120-$125 range. Solana is highly resilient; once the broader market stabilizes, it often leads the rebound. First target: $150; second target: $180; stop-loss at $110.

In simple terms, SOL is currently testing its bottom line. At this level, buying offers a much better risk-reward ratio than selling.