币界网报道：Solana's recent bullish momentum has reached a pivotal juncture as technical indicators signal potential volatility ahead. The cryptocurrency, which surged over 200% in the past three months, now faces key resistance levels that could determine its near-term trajectory. Analysts note SOL's price action is testing the upper boundary of an ascending channel pattern, with the $120-$125 zone emerging as a critical battleground between bulls and bears. On-chain data reveals substantial profit-taking activity at current levels, with the network's Total Value Locked (TVL) showing signs of plateauing after rapid growth. The Relative Strength Index (RSI) hovering near 70 suggests the asset may be entering overbought territory, though some traders argue the metric behaves differently in strong uptrends. Market observers highlight increasing open interest in SOL derivatives, indicating heightened speculative activity. Meanwhile, Solana's network fundamentals remain robust, with daily active addresses maintaining above 800,000 and transaction fees staying below $0.01 despite congestion concerns earlier this year. Technical analysts are closely watching the $110 support level, which if broken could trigger a deeper correction toward $90. The upcoming weeks are seen as crucial for determining whether Solana can sustain its leadership position among altcoins or face a significant pullback. Some institutional investors are reportedly rotating profits into Ethereum layer-2 solutions, creating additional selling pressure on SOL. However, developers continue building on Solana at a rapid pace, with over 400 projects now live on the network and major NFT collections maintaining strong trading volumes.