SOL traders are closely monitoring the $123–125 support level as the cryptocurrency approaches a significant technical threshold. The monthly chart reveals a head and shoulders pattern, highlighting the mid-$120s as a crucial support and resistance zone. In a related development, Coinbase has introduced a Base-Solana bridge, enabling SOL to function as an ERC-20 token on the Base network. However, this feature is currently unavailable in New York and Japan due to regulatory restrictions.