SOL Breaks Months-Long Descending Trendline — $120 Back in Play if Retest Holds!

Solana is trading near $85.50 after punching through a falling trendline that had capped price across multiple macro shocks — including a Binance flash crash and Iran war escalation events in late 2025. Analyst CryptoCurb flagged the daily breakout, while Rendoshi AI pointed to $120 as the next major target on the weekly chart if the short-term downtrend from SOL's late-2025 peak breaks conclusively.

The setup now hinges entirely on a retest hold. Buyers need to defend the broken trendline as new support — lose that and the signal weakens fast. The immediate structure is simple: hold above $85 and momentum builds toward $88.70, which opens a run into the low $90s. Lose $84 and the grind lower resumes, pushing $82 back into view.

The 200-day SMA sits at $116–$124, framing the medium-term target zone. With weekend liquidity thin, the next 48 hours carry outsized weight for whether this…