Solana's Price Reaches Over $120 Against U.S. Dollar - Potential for Significant Upside Move

Solana formed a bottom against the US Dollar and started a new uptrend from the $98.00 area.Solana’s price is currently over $120 against the U.S. dollar, mirroring Bitcoin’s trend.The potential for a significant upside move for lies in a break above the $127 resistance.The 61.8% Fibonacci retracement level is immediate support and was previously resistance.Solana has broken out of a bullish pennant pattern on the daily chart, suggesting a breakout of the April 2022 high is possible.On the weekly chart,#Solanais on the verge of breaking out of the neckline of a round bottom pattern.A successful close above the pennant pattern and the $130 level could push Solana towards $150-$200.Conversely, failure to maintain momentum and break above the $130 threshold could lead to a downturn and a potential return to the $100-80 range.According to analysis by Coingabbar, Solana price prediction in 2030 is expected to remain around $500, but Solana price prediction in 2040 is expected to exceed $1,000.Critical level:Resistance levels: $140-$200Support level: $100-$80