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The Solana price has entered the new month under pressure after losing a level that had acted as a psychological anchor for much of the past year. The token’s drop below $100 shifted market attention from recovery narratives to damage control. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers Traders are now closely watching whether upcoming support levels can halt a decline that has accelerated amid overall weakness in the crypto market. Although network activity and institutional interest continue to draw attention, short-term price movements have clearly shifted into a bearish trend. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Solana Price Breaks $100 as Selling Pressure Builds Before bouncing back to the current $102 level, the Solana price dipped to around $98, marking its lowest point in nearly ten months and extending losses to nearly 20% over the past week and approximately 25% over the last month. Trading activity has thinned as prices fell, with spot volume and derivatives participation both declining. Data from CoinGlass shows falling open interest, suggesting long positions are being unwound rather than a surge in aggressive short selling. The move has not occurred in isolation. A wave of market-wide liquidations over the weekend, combined with thin liquidity, amplified downside moves across major cryptocurrencies. Macroeconomic concerns have also weighed on sentiment after renewed expectations of tighter U.S. monetary policy following President Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, a choice viewed as hawkish by markets. Technical Outlook Points to Lower Support Levels From a technical perspective, Solana’s structure has weakened. The break below $100 confirmed a pattern of lower highs and lower lows, with the Solana price hovering well beneath its declining short-term moving averages. Bollinger Bands are widening, and Solana price action remains near the lower band, suggesting downward momentum remains dominant rather than stabilizing. Momentum indicators underline the pressure. The daily relative strength index is hovering near 25, placing SOL deep in oversold territory. While this increases the probability of short-term bounces, it does not, on its own, signal a trend reversal. On the downside, traders are watching the $95 area closely, followed by a broader $92–90 zone. Below that, $85 and $80 stand out as larger historical support levels. Some on-chain and pattern analyses suggest that if selling accelerates, thinner support could expose deeper zones later in the year. Fundamentals Remain Active Despite Weak Price Action Despite the bearish price forecast, Solana’s underlying network metrics remain comparatively strong. January transaction counts rose sharply, and recent data shows continued growth in on-chain activity and stablecoin usage. Institutional interest has been mixed but not absent, with earlier January inflows offset by more recent Solana ETF outflows. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Traders Need To See Now Currently, the technical picture dominates. Solana would need to reclaim $110 and hold above key moving averages to ease bearish pressure. Until that happens, rallies are likely to be viewed as corrective moves within a broader downtrend, leaving the next support levels as the market’s immediate test. Cover image from ChatGPT, SOLUSD chart from Tradingview

Matt Hougan, the chief investment officer at Bitwise Asset Management, said he thinks Solana could plausibly become a trillion-dollar asset within five years—an outcome that would roughly translate into a ~$1,600 SOL price on a simple market-cap-per-token basis, depending on circulating supply. Hougan made the remarks on the Jan. 29 episode of When Shift Happens, framing his Solana view through what he called a “two ways to win” setup: growth in the addressable market (stablecoins and tokenized assets), plus an increasing share captured by Solana versus competing networks. Why Solana Could Hit $1,600+ Within 5 Years Hougan argued that the “infrastructure market” for stablecoins and tokenization is expanding quickly enough that large, liquid L1s should be valued less like niche crypto experiments and more like enabling rails for traditional finance. “The US Secretary of Treasury expects the stablecoin market to 12x over the next four years,” he said, adding that Larry Fink has described a future where “every asset, every fund, ETF, stock, bond, real estate will be tokenized.” From there, his Solana thesis leaned heavily on relative positioning. Ethereum remains the incumbent in stablecoins and tokenization, Hougan said, but Solana is “a legit competitor with an interesting technological differentiation,” and crucially “it’s extraordinarily easy to use and the community has a ship first attitude.” Related Reading: Solana Scores Major Institutional Adoption As WisdomTree Goes On-Chain That usability point, in his view, is underpriced by investors who focus on benchmark-style comparisons. “I think ease of use is a killer app that’s underrated by investors,” Hougan said. “Investors like to talk about throughput and they like to talk… TPS… who cares about this? …For an end user who’s trading, who’s on-ramping, ease of use is the killer app. And Solana is just easy to use, just dead easy to use.” Hougan also acknowledged a common investor blind spot: token supply dynamics can separate price action from market cap growth. He noted that Solana’s market value can rise meaningfully even if the token price revisits prior highs, and suggested staking yield partially offsets dilution, citing “roughly like 7% a year.” Another thread in the discussion was how regulation shaped institutional behavior. Hougan said Solana’s footprint in stablecoins and tokenization was constrained during the prior US regulatory environment, arguing that institutions “couldn’t build on Solana” if they believed it sat “outside of the regulatory perimeter.” With that cloud lifting, he said, mandates are starting to broaden. He also described why the ETF wrapper matters more for a smaller asset. “You put a little bit of inflows into an ETF package and they’re chasing a relatively small supply of Solana,” Hougan said. “It’s one of the best setups for an asset that I’ve ever seen because you have this small constrained size, you have significant institutional demand, you have stablecoins and tokenization… you put all that together and it seems like a winner.” Still, he avoided hard price targets and instead stayed in market-cap terms. “In 5 years I think it could be a trillion dollar asset. I think that’s relatively easy to imagine,” he said. “It’s hard to give a precise target because it depends on the pace of growth on stablecoins and tokenization. It depends on whether Congress passes the Clarity Act. It depends on the sort of crypto market cycles.” E156: @Matt_Hougan from @BitwiseInvest – $6.5M Bitcoin and the strongest Solana setup ever? This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started. Timestamps: 0:00… pic.twitter.com/WMqvKL7pCj — MR SHIFT ???? (@KevinWSHPod) January 29, 2026 On simple market-cap math, a $1 trillion Solana valuation implies a four-figure token price depending on supply. The relationship is straightforward: token price equals market cap divided by supply. Using Solana’s circulating supply of roughly 566 million SOL, a $1 trillion market cap works out to about $1,766 per SOL ($1,000,000,000,000 ÷ 566,000,000). Related Reading: Solana Pauses After 20% Drop — This Key Level Could Decide What’s Next If you instead use a fully diluted-style denominator closer to 619 million SOL, the same $1 trillion market cap implies roughly $1,615 per SOL ($1,000,000,000,000 ÷ 619,000,000). In other words, Hougan’s “trillion-dollar asset” framing maps to something like the mid-$1,000s per token on today’s supply assumptions, with the exact number moving as supply changes. Notably, Hougan’s Solana call sat alongside a broader macro narrative he returned to repeatedly: monetary debasement pushing investors toward scarce and non-sovereign stores of value. On Bitcoin, he argued the “two ways to win” are the store-of-value market expanding and Bitcoin taking share from gold, an arc he said could drive multi-million-dollar BTC over decades if the last 10–15 years of adoption trends persist. For Solana, the equivalent is less about being “digital gold” and more about becoming a primary venue for stablecoin flows and tokenized securities. If those rails scale and if Solana continues gaining share as a high-velocity, institution-friendly network, Hougan’s trillion-dollar scenario implies the market is still pricing the opportunity too conservatively. At press time, SOL traded at $115.40. Featured image created with DALL.E, chart from TradingView.com

Solana failed to settle above $125 and extended losses. SOL price is now consolidating losses below $120 and might struggle to start a recovery wave. SOL price started a fresh decline below $120 and $115 against the US Dollar. The price is now trading below $120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $116 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $112 or $105. Solana Price Dips Again Solana price failed to remain stable above $125 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $125 and $122 support levels. The price gained bearish momentum below $120. A low was formed at $112, and the price is now consolidating losses. The price recovered a few points and climbed toward the 23.6% Fib retracement level of the downward move from the $128 swing high to the $112 low. Solana is now trading below $120 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $116 level. There is also a key bearish trend line forming with resistance at $116 on the hourly chart of the SOL/USD pair. The next major resistance is near the $120 level or the 50% Fib retracement level of the downward move from the $128 swing high to the $112 low. The main resistance could be $122. A successful close above the $122 resistance zone could set the pace for another steady increase. The next key resistance is $125. Any more gains might send the price toward the $132 level. Another Drop In SOL? If SOL fails to rise above the $116 resistance, it could continue to move down. Initial support on the downside is near the $114 zone. The first major support is near the $112 level. A break below the $112 level might send the price toward the $105 support zone. If there is a close below the $105 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $112 and $105. Major Resistance Levels – $116 and $120.

Solana is rapidly positioning itself as a core hub for tokenized finance following WisdomTree’s deployment of fund infrastructure on the blockchain. The move reflects growing confidence among traditional asset managers in SOL’s ability to support large-scale, regulated financial products with the speed and cost efficiency required by modern capital markets.  How Traditional Asset Managers Expand On-Chain Operations WisdomTree’s deployment of $159 billion in fund infrastructure on Solana marks a turning point for how regulated money moves. A research and news site, Genfinity, revealed on X that regulated money market funds are now settling natively on SOL, which means institutional cash flow assets no longer require traditional banking rails. One of the clearest signals is the Government money market digital fund, which already holds around $730 million in on-chain assets. Direct minting eliminates synthetic exposure with real Treasury-backed settlement. This allows retail investors to access institutional-grade financial products with blockchain speed and low costs.  The multi-chain deployment is proof that financial institutions prioritize performance over narrative. Currently, SOL is processing the same regulated funds that previously required correspondent banks and a 3-day settlement. The gap between on-chain infrastructure and traditional finance products has just collapsed. An industry-leading commentary on the global capital markets, The Kobeissi Letter, reported that Coinbase has announced it is integrating with Jupiter Exchange directly into its on-chain trading stack. With this move, millions of Solana-based tokens can now be traded on Coinbase for the first time, all through Jupiter on-chain liquidity. Instead of relying on the slow manual process of listing assets on a centralized order book, Coinbase is currently using on-chain infrastructure to provide instant access to Solana-native markets. Under the new integration, users can deploy existing Coinbase balances and payment methods to trade tokens from a self-custodial wallet. “Even the centralized exchanges are moving on-chain,” The Kobeissi Letter noted. Why Liquidity Grabs Often Precede Reversals According to Larskooistra, the local context on Solana is fairly conducive to building a structure. The Price has already completed a Model 2 accumulation schematic, and grabbed all buy-side liquidity while taking the range high and broke market structure back to bearish, creating a supply in the process. Related Reading: Solana Structure Suggests One Final Test Before Bulls Can Step In From a higher-timeframe perspective, this gives a bearish context on BTC whenever accumulation models complete themselves and break the market structure, and then turn back to bearish afterwards, which shows a full reversal towards the lows. Larskooistra expects the equal lows acting as the next liquidity target to be taken out, and is looking for distribution schematics on the current move up. Featured image from Adobe Stock, chart from Tradingview.com

Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatility cools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction. VAH Rejection Sends SOL Back Into Range Market expert Umair Crypto explained that Solana’s rejection at the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to flip the psychological $150 level into support, and ultimately triggered a sharp downside reaction, resulting in a nearly 20% decline toward the $117 area. Related Reading: Solana (SOL) Recovery Reaches A Level That Changes Everything Following the sell-off, price rotated back into the same two-month consolidation range, suggesting that the move lower was more of a range continuation than the start of a new trend. SOL is now retesting the Value Area Low flip zone around $128, a level that has repeatedly acted as a short-term pivot between buyers and sellers. If $128 holds and buyers manage to defend this zone, the analyst sees room for a bounce toward $132. Further acceptance above that level could open a path toward the range Point of Control near $138. However, even a move into that region would still reflect range-bound conditions rather than a confirmed bullish breakout. Umair Crypto stressed that SOL remains stuck inside a broad $30 range, offering little directional edge in the middle. An acceptance below $120 would shift the bias firmly bearish. On the other hand, a strong reclaim above $150 would flip the market structure bullish. Until either scenario plays out, the higher-probability outcome continues to lean toward lower prices within the range. SOL Enters A Compression Phase Above Key Support According to a recent market update from BitGuru, Solana has experienced a significant pullback and is now entering a phase of consolidation just above a critical support zone. This type of price compression is a classic technical indicator that the market is preparing for a sharp reaction move. Related Reading: Solana (SOL) Recovery At Risk With Bears Guarding Resistance As volatility narrows and the trading range tightens, the build-up of market energy typically precedes a breakout. The path forward remains binary based on Solana’s interaction with its immediate boundaries.  A clean reclaim of the nearby resistance level would signal a return of buyer confidence and a potential shift in momentum. Conversely, a failure to defend this established base would keep significant downside risk active, potentially leading to a deeper correction if the support zone is breached. Featured image from Adobe Stock, chart from Tradingview.com

Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $128 zone. SOL price started a decent recovery wave above $122 and $125 against the US Dollar. The price is now trading above $125 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $128 and $130. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $118, like Bitcoin and Ethereum. SOL was able to climb above the $122 level. There was a move above the 61.8% Fib retracement level of the downward move from the $132 swing high to the $117 low. Besides, there was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair. The bulls even pushed the price above $125. However, the bears remained active near $128. Solana is now trading above $125 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $128 level, and the 76.4% Fib retracement level of the downward move from the $132 swing high to the $117 low. The next major resistance is near the $130 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $142. Any more gains might send the price toward the $145 level. Another Decline In SOL? If SOL fails to rise above the $128 resistance, it could continue to move down. Initial support on the downside is near the $124.50 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $117 support zone. If there is a close below the $117 support, the price could decline toward the $105 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $125 and $122. Major Resistance Levels – $128 and $130.

Solana failed to settle above $132 and extended losses. SOL price is now consolidating losses below $130 and might struggle to start a recovery wave. SOL price started a fresh decline below $132 and $130 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $118 or $115. Solana Price Dips Further Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $130 and $126 support levels. The price gained bearish momentum below $122. A low was formed at $117, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $132 swing high to the $117 low. Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level or the 50% Fib retracement level of the downward move from the $132 swing high to the $117 low. The next major resistance is near the $126 level. There is also a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair. The main resistance could be $132. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $144 level. Another Drop In SOL? If SOL fails to rise above the $126 resistance, it could continue to move down. Initial support on the downside is near the $119 zone. The first major support is near the $117 level. A break below the $117 level might send the price toward the $115 support zone. If there is a close below the $115 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $117 and $115. Major Resistance Levels – $126 and $132.

Crypto researcher Axel has provided insights into why the Bitcoin, Ethereum, and Solana prices are still crashing. This comes as BTC continues to see a supply overhang, which threatens to put more downward pressure on crypto prices.  Why The Bitcoin, Ethereum, and Solana Prices Are Still Crashing In a research report, Axel noted that anomalous exchange inflows accompanied the BTC breakdown below the $90,000 zone as sellers prepared in advance. The market is also still at risk of further selling pressure as the 1.0 level of the short-term holders’ SOPR is now acting as a resistance rather than support. As such, there is a possibility that Bitcoin, Ethereum, and Solana prices will decline further.  Related Reading: Altcoin Season In Q1? Bitcoin, Ethereum Breakdown Maps Out Performance Further commenting on Bitcoin netflows into exchanges, Axel noted that between January 20 and 21, almost 17,000 BTC flowed into exchanges, coinciding with BTC dropping to as low as $87,000, while Ethereum and Solana prices also dropped. The crypto researcher explained that these anomalously high values followed a period of predominantly negative netflow in the first half of this month.  In the context of the falling Bitcoin price, Axel stated that such a spike is more likely to reflect supply preparation than neutral transfers. In other words, the breakdown below $90,000 appears to be structural rather than emotional. Meanwhile, Bitcoin netflow returned to neutral levels yesterday, but the accumulated inflow still creates a supply overhang, which could lead to further declines in the prices of Bitcoin, Ethereum, and Solana.  Axel noted that a signal of improvement would be if netflow turns negative again amid rising prices, which could indicate that the overhang has cleared. However, with the short-term holders’ 7-day SMA SOPR below 0.996, the crypto researcher suggested that BTC faces increased selling pressure on every recovery as these holders look to sell at breakeven. He added that a reversal trigger could be confirmed if the SOPR breaks above 1.0 from below, with the 7-day SMA holding unity for three to five days to filter out false spikes after the selloff.  Why A Break Above $100,000 Looks Unlikely For Now In its latest research report, on-chain analytics platform Glassnode explained that a Bitcoin rally above $100,000 looks unlikely for now as the supply overhang persists. They noted how this overhang supply above $98,000 remains the dominant sell-side force capping short to mid-term rebounds.  Related Reading: Bitcoin Price Following The 2022 Fractal? Here Was The Previous Outcome Alluding to the Unspent Realized Price Distribution metric, Glassnode noted that the recent BTC rally has partially filled the prior air gap between $93,000 and $98,000, driven by redistribution from top buyers into newer market participants.  However, the unresolved supply overhang is expected to likely cap attempts above the $98,400 short-term holders’ cost basis and the $100,000 level. A meaningful and sustained acceleration in demand momentum is said to be required for a clean breakout above $100,000 to occur. Featured image from iStock, chart from Tradingview.com

As the crypto market faces uncertainty and continues in a consolidation phase, market expert Sam Daodu has issued a report examining the potential for XRP, Ethereum (ETH), and Solana (SOL) to emerge as frontrunners if a new altcoin season arises in 2026.  XRP, ETH, And SOL Price Forecasts Daodu began his analysis by pointing out that Bitcoin’s (BTC) dominance is currently hovering around 59%, alongside an Altcoin Season Index reading of 55. These indicators suggest that 2026 could herald a substantial rotation towards altcoins, mirroring significant shifts experienced during cycles in 2016-2017 and 2020-2021. The expert outlines several bullish scenarios for each. For XRP, he envisions a potential surge past the $6-$8 range if exchange-traded fund (ETF) inflows maintain a monthly average exceeding $400 million and RippleNet continues to expand its influence in global banking.  Related Reading: ‘I’m Very Bullish’: Ripple CEO Forecasts Record Performance For Crypto In 2026 ETH, on the other hand, could see itself climbing toward $12,000-$18,000 if Layer 2 (L2) adoption unlocks broader usage and ETF inflows rebound.  Daodu highlights that active addresses are at cycle highs, indicating organic demand that may translate to higher prices once institutional sentiment shifts positively. For SOL, the outlook is similarly optimistic. Solana might rocket to the range of $500-$800 if its transaction finality of 150 milliseconds and low fees attract a new wave of applications. Additionally, the rise in ETF filings could lead to significant capital inflows. Potential Risks Ahead  In more stable scenarios, Daodu suggests that XRP might consolidate between $2.50-$3.50 if institutional adoption progresses steadily without dramatic catalysts.  He also speculates that Ethereum could trade within the range of $5,000-$9,000, benefiting from consistent demand driven by staking yields and decentralized finance (DeFi) growth. Meanwhile, Solana might trend between $200-$350, assuming that developer growth and retail adoption continue at their current pace without major breakthroughs.  However, Daodu cautions that XRP could fall below $1.50 if demand for ETFs wanes or if regulatory uncertainties arise. Similarly, ETH could fall below $2,500 if scalability issues arise or if regulatory challenges become more pronounced. SOL could drop below $100 if outages persist or if it faces increased competition from other Layer 1 platforms. What AI Models Anticipate AI predictions provide additional insight into the expected performance of these altcoins. For XRP, forecasts vary significantly, with ChatGPT estimating a range of $0.80-$3.00, while Grok presents a more bullish outlook with a target of $1.50-$6.00.  Related Reading: Crypto Boom Ahead? Pantera Capital Pinpoints Major Catalysts For 2026 Success Ethereum’s AI predictions show a range of $3,000-$9,000 from ChatGPT, while Gemini anticipates a high of $7,000-$18,000 through increased tokenization.  Lastly, Solana’s predictions range from $120-$350 from ChatGPT to a more optimistic $300-$800 from Gemini, depending on the growth of consumer applications. XRP was trading at $1.93 at the time of writing, down 2% in the previous 24 hours. ETH traded at roughly $2,952, while SOL traded at $128, both experiencing comparable declines during the same time period.  Featured image from DALL-E, chart from TradingView.com  

Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave. SOL price started a fresh decline below $136 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $128 or $125. Solana Price Dips Further Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $138 and $135 support levels. The price gained bearish momentum below $132. A low was formed at $124, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $124 low. Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $134 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $124 low. The next major resistance is near the $136 level. The main resistance could be $138. There is also a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair. A successful close above the $138 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $133 resistance, it could continue to move down. Initial support on the downside is near the $129 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $129 and $125. Major Resistance Levels – $133 and $138.

Solana Mobile has rolled out its long-awaited SKR token airdrop for Seeker smartphone users and select developers, adding a fresh ecosystem catalyst as SOL trades near a critical technical support zone. Related Reading: What the Triple-Tap At $1.80 Means For The XRP Price The launch comes at a time when Solana’s price is hovering around $120–$130, an area analysts see as decisive for the token’s medium-term direction. SKR debuted at around $0.006 and climbed above $0.01 within hours of launch, pushing its market capitalization past $70 million. More than 100,000 users are eligible to claim the airdrop through the Seeker phone’s built-in wallet over a 90-day window. Any unclaimed tokens will be returned to the general distribution pool. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Solana SKR Airdrop Targets Users and Developers Solana Mobile allocated 30% of SKR’s fixed 10 billion token supply to airdrops and early unlocks. Nearly 2 billion SKR are being distributed to Seeker phone owners and developers who deployed “quality apps” in the Solana dApp Store during Season 1. The company said the token underpins governance, incentives, and economic activity within the Solana Mobile ecosystem. SKR can be staked directly from the Seed Vault wallet, with inflation events occurring every 48 hours. The annual inflation rate starts at 10% and declines by 25% each year until it stabilizes at 2%. The airdrop coincides with the start of Seeker’s Season 2 campaign, which introduces a refreshed app catalog, rewards programs, and a focus on sectors such as DeFi, gaming, payments, trading, and decentralized physical infrastructure (DePIN). Community reaction has been mixed. Some users reported receiving several thousand dollars’ worth of SKR, while others reported allocations closer to $50–$100. Some users expressed disappointment, citing delays in phone delivery and additional shipping costs. SOL Price Near Key Support While SKR draws attention to Solana’s mobile strategy, the SOL token itself is facing a technical test. After breaking below $136, SOL has slipped into the $120–$127 zone, where an ascending trendline from the 2023 lows meets historical horizontal support. This area has previously acted as both resistance and support, making it a closely watched “flip zone” for traders. A sustained hold above $120 could open the door to a recovery toward the $135–$150 range. A breakdown, however, may expose downside targets near $110 or even $100. Related Reading: Trove’s New Token Craters 95%, Sparking Investor Revolt Short-term indicators show some stabilization. SOL recently bounced from around $124 to near $128, supported by renewed ETF inflows of roughly $3.08 million and spot market accumulation of about $9.31 million. These flows suggest buyers are stepping in at current levels. Cover image from ChatGPT, SOLUSD chart on Tradingview

Delphi Digital is betting that Solana’s next major upgrade cycle will reposition the network as an “exchange grade” environment capable of supporting onchain order books that can realistically contend with centralized venues on latency, liquidity depth, and market structure. In a Jan. 20 post on X titled “2026 is the Year of Solana”, the research firm argued Solana’s 2026 roadmap is its “most aggressive upgrade cycle” yet, one that “overhaul[s] everything from consensus to infrastructure to become the decentralized Nasdaq.” Why Delphi Digital Calls 2026 “The Year Of Solana” Delphi framed the roadmap less as a grab bag of performance enhancements and more as a capital-markets push: “Solana’s roadmap is about transforming it into an exchange grade environment where a native onchain CLOB can viably compete with CEX latency, liquidity depth, and fairness. Here are all the upgrades making this possible.” In that view, shaving milliseconds matters only insofar as it produces predictable, enforceable execution outcomes for applications like high-frequency trading and central limit order books. The centerpiece, Delphi wrote, is Alpenglow, a consensus redesign it called “the most significant protocol level change in Solana’s history.” The firm said Alpenglow introduces a new architecture built around Votor and Rotor, with Votor changing how validators reach agreement. Rather than “chaining multiple voting rounds together,” validators would aggregate votes offchain and “commit to finality in one or two rounds,” producing “theoretical finality in the 100-150 millisecond range, down from the original 12.8 seconds.” Related Reading: Solana At Risk Of Breakdown After Key Rejection – Is $100 Next? Delphi emphasized Votor’s parallel finalization paths as a resilience feature, not just a speed play. If a block gets “overwhelming support (80%+ stake)” it finalizes immediately; if support is between 60% and 80%, a second round triggers, and finality follows if that also clears 60%. The goal, Delphi argued, is to preserve finality even with unresponsive segments of the network. Alpenglow also introduces what Delphi called a “20+20” resilience model: safety holds as long as no more than 20% of stake is malicious, while liveness persists even if another 20% is offline, “tolerat[ing] up to 40% of the network being either malicious or inactive while still maintaining finality.” Under this design, Proof of History is “effectively deprecated,” replaced by deterministic slot scheduling and local timers. Delphi said the upgrade is expected to roll out in early to mid 2026. Delphi also pointed to Firedancer, Jump’s C++ validator client, as a structural upgrade aimed at reducing a long-standing operational risk. Solana has historically relied on a single client, now known as Agave, and Delphi described that “monoculture” as a central weakness because client-level faults can cascade into broader network halts. Firedancer’s objective, Delphi said, is a deterministic, high-throughput engine that can process “millions of TPS with minimal latency variance.” Ahead of full readiness, Delphi highlighted “Frankendancer,” a transitional build that combines Firedancer’s networking and block production modules with Agave’s runtime and consensus components, as a bridge to “substantially” increased client diversity. On infrastructure, Delphi spotlighted DoubleZero as a private fiber overlay for validators, likening its transmission profile to traditional exchange connectivity: “the same infrastructure traditional exchanges like Nasdaq and CME rely on for microsecond level transmission.” The argument is that as validator sets expand, propagation variance becomes the enemy of tight finality windows. By routing messages along “optimal paths” and supporting multicast delivery, Delphi said DoubleZero can narrow latency gaps across validators—an enabler for both Votor’s quorum formation and Rotor’s propagation design. Related Reading: SOL Price Faces Key Support Amid Solana’s Rapid Network Expansion Delphi also framed Solana’s block-building roadmap as a market-structure project. It described Jito’s BAM (Block Assembly Marketplace) as separating ordering from execution via a marketplace and privacy layer, with transactions ingested into TEEs so “neither validators nor builders can see raw transaction content before ordering takes effect,” reducing pre-execution behavior like frontrunning. Harmonic, meanwhile, targets builder competition by introducing an open aggregation layer so validators can accept proposals from “multiple competing builders in real time,” with Delphi summarizing: “Think of Harmonic as a meta-market and BAM as a micro-market.” Raiku rounds out the thesis by adding deterministic latency and programmable execution guarantees adjacent to Solana’s validator set, using Ahead-of-Time (AOT) transactions for pre-committed workflows and Just-in-Time (JIT) transactions for real-time needs—without modifying L1 consensus. Delphi ultimately tied the technical roadmap to market demand: Solana’s spot trading gravity, the consolidation of onchain perps toward a handful of venues, and the need to reach performance parity with centralized platforms. It cited expectations for “new Solana native perps like Bulk Trade coming early next year,” and pointed to products like xStocks bringing “onchain equities directly to Solana,” arguing that liquidity and attention are consolidating toward a chain with faster settlement, better UX, and denser capital. At press time, SOL traded at $127. Featured image created with DALL.E, chart from TradingView.com

A year after reaching its all-time high (ATH), Solana (SOL) is trading 54.3% below its $293 2025 milestone, attempting to hold a crucial zone as support. Some analysts warned that the altcoin could risk a deeper correction if the price fails to recover the recently lost ground. Related Reading: Ethereum’s 4-Hour Chart Says A Big Dump Is Coming, Here’s The Target Solana Breaks Below Key Support On Sunday, Solana recorded an 8% pullback and hit a two-week low of $130. Since losing the $200 phycological barrier in late October, the cryptocurrency has struggled to hold bullish momentum, hovering between the $115-$145 levels over the past three months. The start-of-the-year rally saw SOL break out of its multi-month downtrend, reclaim the upper zone of its local range, and briefly breach above the key $145 resistance last week. However, Sunday’s market pullback has sent Solana back below key areas. Amid this performance, market observer BitGuru affirmed in an X analysis that the cryptocurrency “just swept liquidity into a strong demand zone after a clean structure breakdown.” He explained that the price is attempting to rebound from its local support area, which could trigger a “sharp relief move toward previous highs” if the price can hold the current levels. Meanwhile, analyst Man of Bitcoin noted that the altcoin’s price broke below its two-week ascending trendline, which had been supporting its 17% surge from its yearly opening. Moreover, it also dropped below the $136 mark, where the price had consistently bounced after the recent breakout. The market observer pointed out that Solana’s short-term support sits between the $129-$136 area, adding that a breach and sustained breakdown from this area would spell trouble for the cryptocurrency. According to the chart, if selling pressure persists and Solana fails to reclaim the recently lost ground, the price could see a scenario where it retraces deeper and potentially falls up to 25% to challenge the $100 area. Analysts Warn Of Head And Shoulder Pattern Other market watchers highlighted a macro pattern on Solana’s chart, suggesting that a breakdown to new lows could be coming. Notably, the altcoin displays a two-year Head and Shoulders formation in the weekly timeframe. According to the chart, this bearish pattern has been forming since 2024, with the left shoulder developing during the Q1-Q2 2024 rally and the neckline sitting around the $120 area. Meanwhile, the pattern’s head formed during its late 2024 and early 2025 bullish run, which led to its ATH of $293 a year ago. Lastly, the right shoulder developed after the Q3 2025 rally and Q4 correction. Based on this performance, trader Slashology affirmed that Solana is “really looking bad here,” warning that investors should “prepare for the worst” as the price trades near the pattern’s neckline. He forecasted that a breakdown from this key level could lead to a 35%-40% “bloodbath” toward the $75-$80 levels. On the contrary, market observer Crypto Curb suggested a different outcome could be possible. Related Reading: XRP To Repeat Its 2017 Playbook? Analyst Forecasts 1,250% Expansion In an X post, he compared SOL’s recent performance to the S&P 500 (SPX) price action between 2009 and 2011. Per the post, SPX displayed the same pattern as Solana, but ultimately invalidated the pattern after bouncing from the neckline and breaking above the right shoulder’s peak, eventually reaching new highs. To the analyst, the altcoin could display a similar performance if it rebounds from the current levels and starts to climb higher. As of this writing, Solana is trading at $134, a 5.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana failed to settle above $145 and nosedived. SOL price is now consolidating losses below $135 and might decline further below $130. SOL price started a fresh decline below $138 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $132 or $130. Solana Price Dips Again Solana price failed to remain stable above $142 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $140 and $138 support levels. The price gained bearish momentum below $135. A low was formed at $130, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $130 low. Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $135 level. The next major resistance is near the $136 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $130 low. The main resistance could be $140. There is also a key bearish trend line forming with resistance at $140 on the hourly chart of the SOL/USD pair. A successful close above the $140 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $136 resistance, it could continue to move down. Initial support on the downside is near the $132 zone. The first major support is near the $130 level. A break below the $130 level might send the price toward the $122 support zone. If there is a close below the $122 support, the price could decline toward the $115 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $132 and $130. Major Resistance Levels – $136 and $140.

Solana is testing investor confidence as the SOL price slips back toward key support levels, even as the network continues to expand across multiple fronts. After briefly pushing above $147 earlier this week, the token failed to hold its gains and is now trading below $145. Related Reading: Solana (SOL) Slips Back to Support, Setting Up a High-Tension Test The pullback comes at a time when Solana is seeing rising institutional interest, growing real-world asset adoption, and new user-focused initiatives, creating a contrast between short-term price pressure and longer-term ecosystem growth. SOL's price moving sideways on the daily chart. Source: SOLUSD on Tradingview SOL Price Tests Critical Support Zone SOL has entered a short-term correction after failing to clear the $150 resistance area. The price dropped below the $146 and $145 levels, moving under the 100-hour simple moving average. On the downside, technical analysts are watching the $141–$140 zone, where a bullish trend line and Fibonacci support converge. If the SOL price breaks below $140, the next support sits near $132, with further downside risk toward $124. On the upside, resistance remains near $146 and $148. A confirmed move above $148 could open the door to a retest of $155 and potentially $162. Momentum indicators reflect cautious sentiment. The hourly RSI remains below 50, and the MACD continues to show bearish pressure. Despite a healthy trading volume of around $5 billion in 24 hours, SOL is still down roughly one-third from its price a year ago and well below its previous peak near $293. Regulatory Developments and Solana ETF Inflows Beyond price action, regulatory news in the U.S. may influence Solana’s medium-term outlook. The draft bill known as the “Clarity Act,” released by the Senate Banking Committee, proposes reclassifying certain cryptocurrencies with exchange-traded products as “non-incidental” assets starting in 2026. This would ease some SEC disclosure requirements for assets like SOL. If passed, the proposal could place Solana in a similar regulatory category to Bitcoin and Ethereum, potentially improving institutional access. Early signs of interest have already appeared. On January 15, U.S. spot Solana ETFs recorded $23.57 million in net inflows, the highest in four weeks. However, ETF assets still represent only about 1.5% of SOL’s market capitalization, limiting their immediate impact on price. Network Growth Outpaces Price Momentum While the SOL price struggles, Solana’s network continues to expand. In 2025, the blockchain processed $1.6 trillion in trading volume, accounting for roughly 12% of the crypto market. Its DeFi ecosystem remains anchored by platforms like Jupiter, Raydium, Orca, and Kamino, with TVL holding steady near $11.5 billion. A major milestone came as Solana’s real-world asset (RWA) ecosystem reached a record valuation of $1.15 billion, driven by tokenized U.S. Treasuries, equities, and institutional funds. This signals growing use of Solana as a settlement layer for traditional assets. Related Reading: Bitcoin Tailwind: Cathie Wood Sees ‘Reaganomics On Steroids’ Ahead User engagement initiatives are also expanding. Solana’s Seeker phone is rolling out a large SKR token airdrop to over 100,000 users, while Interactive Brokers has enabled 24/7 USDC deposits via the Solana network, improving access for global traders. Cover image from ChatGPT, SOLUSD chart from Tradingview

Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone. SOL price started a downside correction below $145 against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $140 zone. Solana Price Starts Downside Correction Solana price failed to surpass $150 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $146 and $145 to enter a short-term bearish zone. There was a move below the 61.8% Fib retracement level of the upward wave from the $138 swing low to the $149 high. However, the bulls are active above $140. Besides, there is a bullish trend line forming with support at $141 on the hourly chart of the SOL/USD pair. Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. The next major resistance is near the $146 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level. More Losses In SOL? If SOL fails to rise above the $146 resistance, it could start another decline. Initial support on the downside is near the $141 zone and the trend line. The first major support is near the $140 level and the 76.4% Fib retracement level of the upward wave from the $138 swing low to the $149 high. A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $141 and $140. Major Resistance Levels – $146 and $148.

Solana started a fresh increase above the $142 zone. SOL price is now consolidating above $142 and might aim for more gains above the $150 zone. SOL price started a fresh upward move above the $142 and $145 levels against the US Dollar. The price is now trading above $142 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $150 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it settled above the $135 zone, like Bitcoin and Ethereum. SOL climbed above the $140 level to enter a short-term positive zone. The price even smashed the $142 resistance. The bulls were able to push the price above $145. A high was formed at $148, and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the recent upward move from the $138 swing low to the $148 high. Solana is now trading above $142 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $140 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $148. The next major resistance is near the $150 level. The main resistance could be $155. A successful close above the $155 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $170 level. Downside Correction In SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $144 zone. The first major support is near the $143 level or the 50% Fib retracement level of the recent upward move from the $138 swing low to the $148 high. A break below the $143 level might send the price toward the $140 support zone and the trend line. If there is a close below the $140 support, the price could decline toward the $135 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $144 and $140. Major Resistance Levels – $148 and $150.

On-chain data shows the Network Growth indicator has continued to fall for Solana recently, a sign that adoption of the asset has remained weak. Solana Network Growth Has Been Declining According to data from on-chain analytics firm Santiment, SOL’s recent price recovery has come despite a drop in the Network Growth. This metric measures the weekly total number of addresses that are coming online on the blockchain for the first time. A wallet comes “online” on the network when it participates in some kind of transfer activity. Thus, the wallets that the Network Growth is counting are the ones that are making their first transaction on the network. Related Reading: Bitcoin Risks Drop To $69,000 If Pennant Support Breaks, Analyst Warns When the value of the Network Growth is high, it means that a large number of addresses are being created on the blockchain. Such a trend can be a sign that an influx of users is occurring. On the other hand, the indicator being low suggests that there isn’t much new address generation taking place on the network, which can be a potential indication that the chain isn’t attracting fresh investors. Now, here is the chart shared by Santiment that shows the trend in the Solana Network Growth over the last couple of years: As displayed in the above graph, the Solana Network Growth has witnessed a drawdown recently, despite the fact that the SOL price has made some recovery since its December low. This suggests that the bullish price action has been unable to bring fresh attention to the cryptocurrency. Historically, rallies have generally needed the incoming of new investors to be sustainable, as it’s the increased trading activity that provides them with the fuel to go on. In the chart, Santiment has highlighted the case of a rally where this requirement wasn’t met. The Network Growth was initially at a significant level, but as this price surge from 2025 played out, the metric’s value plummeted. This could be a potential factor behind the rally eventually running out of momentum. In late 2024, the opposite conditions were present, as the Network Growth shot up alongside the Solana bull run, implying adoption backed the price appreciation. Considering these past cases, it’s possible that the indicator might have to reverse its trajectory if SOL’s recovery has to last. The latest downward move in the Network Growth is also not the only development SOL is dealing with right now. From the graph, it’s visible that the indicator has gone through a long-term downtrend since its high in November 2024. Related Reading: $460M Crypto Longs Squeezed As Bitcoin Slips Below $90,000 Back then, the metric had a value of 30.2 million, but today, the figure has dropped to just 7.3 million. It now remains to be seen whether the long decline in the adoption of Solana will continue or if a turnaround will appear. SOL Price Solana recovered back to $144 on Sunday, but the coin has retraced to open the week as its price is back at $139. Featured image from Dall-E, Santiment.net, chart from TradingView.com

Solana’s price action is sending a clear message: the correction may not be finished yet. While buyers continue to show up at key levels, the broader structure still points to the possibility of one final downside test before a sustainable move higher can take shape.  Wave IV Still Unfinished As C-Wave Pressure Persists Crypto analyst More Crypto Online, in a recent update, explained that Solana’s chart structure still points to the possibility of another downside move before the ongoing correction is fully completed. Within the orange scenario, price action continues to align with a C-wave decline in a broader wave IV correction, keeping the corrective outlook valid as long as the structure remains non-impulsive. Related Reading: Solana Accumulation Narrative Strengthens With Big Institutions, A Rally Imminent? Even when viewed through the alternative white scenario, the current pullback can still be classified as an A-wave, which leaves room for another low before a B-wave recovery begins or before a potential fifth wave to the upside develops. In both interpretations, the analyst noted that the correction may not yet be finished. From a short-term perspective, the chart suggests that Solana could drift lower into the $81 to $90 region. Currently, there are no clear structural signals indicating an immediate bullish continuation, as the absence of impulsive upside movement keeps downside scenarios firmly in play. However, if prices were to turn higher from current levels without setting a new low, the broader structure since January 2025 would start to resemble a triangular consolidation rather than a completed wave IV. This alternative setup would imply extended sideways movement instead of a rapid trend resumption. Until stronger upside momentum appears, the focus remains on the risk of one more corrective low. Controlled Reaction At The 50% Fibonacci Signals Solana Buyer Strength AltCoin Việt Nam stated that Solana’s current price action is showing a strong and reassuring reaction around the 50% Fibonacci level. Instead of breaking down aggressively, the price has been rebounding in a controlled manner, suggesting that buyers are still maintaining influence. From a wave-structure perspective, wave IV does not appear to be rushing toward completion, leaving room for wave C to extend further if the market continues to move in line with the broader rhythm. Related Reading: Solana (SOL) Holds Support Post-Gains, Testing Bull Conviction Adding to the bullish bias is the ongoing ETF narrative surrounding Solana. Spot SOL inflows are not arriving in a FOMO-driven manner, but rather through steady accumulation across several sessions. This type of capital flow often reflects longer-term positioning rather than short-term speculation, which explains why the price tends to rebound quickly whenever it revisits key support zones. That said, the outlook is not without invalidation. A sustained move below the 50% Fibonacci level would signal that the current structure has broken down. However, the analyst views the recent pauses as temporary breathers within a broader upward structure, rather than the beginning of a meaningful downtrend. Featured image from Pxfuel, chart from Tradingview.com

Solana started a fresh increase above the $140 zone. SOL price is now consolidating above $140 and might aim for more gains above the $145 zone. SOL price started a fresh upward move above the $140 and $142 levels against the US Dollar. The price is now trading above $140 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $145 resistance zone. Solana Price Outperforms Bitcoin Solana price started a decent increase after it settled above the $132 zone, outperforming Bitcoin and Ethereum. SOL climbed above the $138 level to enter a short-term positive zone. The price even smashed the $140 resistance. The bulls were able to push the price above $142. A high was formed at $144, and the price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $135 swing low to the $144 high. Solana is now trading above $142 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $138 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $144. The next major resistance is near the $145 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $162. Any more gains might send the price toward the $170 level. Downside Correction In SOL? If SOL fails to rise above the $145 resistance, it could start another decline. Initial support on the downside is near the $142 zone. The first major support is near the $140 level or the 50% Fib retracement level of the recent upward move from the $135 swing low to the $144 high. A break below the $140 level might send the price toward the $138 support zone and the trend line. If there is a close below the $138 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $140 and $138. Major Resistance Levels – $145 and $150.

As Solana (SOL) fails to reclaim a major resistance area, a market watcher suggested that the cryptocurrency is poised to retest the November lows. However, other analysts predicted that the altcoin consolidation period may end soon. Related Reading: Dogecoin Prepares For Major Recovery As Bullish Momentum Builds – Here’s The Target Solana Rejected From Key Area On Friday, Solana faced a nearly 4% correction after trying to reclaim a crucial resistance zone for the second time this week. The cryptocurrency has been trading between the $120-$145 price range since the early November correction, hitting its local lows three weeks ago. Amid the crypto market’s star-of-the-year rally, SOL jumped over 13% from its yearly opening, breaking out of a three-month downtrend and hitting a one-month high of $143.4 earlier this week. After being rejected from the upper boundary on Tuesday, the altcoin is now attempting to build a base below the $140 level, where the cryptocurrency has faced strong resistance over the past three months. Despite the surge, Market observer Crypto Batman predicted that SOL could retrace toward the November lows as a bullish reversal pattern appears to be forming on its one-day timeframe. In an X post, the analyst noted that the altcoin has been rejected by the strong resistance area, asserting that a local top has formed. As a result, the cryptocurrency’s next support area is around the $128-$130 area, where its unfilled bullish Fair Value Gap (FVG) is located. Crypto Batman also pointed out that Solana has been potentially forming an inverse Head and Shoulders pattern since the Q4 corrections. According to the chart, the cryptocurrency formed the patterns left shoulder and head during the November and December pullbacks, with the neckline around the $145 area. Moreover, the recent rejection could signal that the right shoulder has begun forming, which would see the price drop to its late November lows before retesting the pattern’s neckline again and potentially breaking out if the formation is confirmed. Is SOL Waking Up? Market watcher King Arthur shared a bullish outlook for Solana, affirming that the altcoin “is finally waking up.” He affirmed that “We’ve been watching that long downward slide for a while now, and it’s so good to see SOL finally breaking free from that falling channel. This is a huge first step, but let’s stay sharp.” As he explained, breaking above the $143 level is crucial for Solana’s momentum, as it would open the door for a reclaim of the $152 level, lost during the November 13 breakdown. “If we manage that, I’d say the uptrend is officially back on track with my eyes set on $171.55,” he asserted. However, he warned that a drop below the $133 area would suggest that the price is not ready for bullish continuation. Related Reading: XRP Named The ‘New Cryptocurrency Darling’ After Strong Start Of The Year Meanwhile, analyst Crypto Jelle pointed out that Solana has been unable to challenge the $200 psychological barrier, chopping below this level over the past few months. He suggested that its recent performance is starting to resemble BNB’s price action. “Kinda starting to feel like BNB. Sideways for what feels like forever – and then, sudden expansion again. (…) Waiting for the same outcome,” he concluded. As of this writing, Solana is trading at $134.9, a 2.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana is undergoing a major shift as big institutional players are increasingly positioning in the network. What was once viewed primarily as a high-performance Layer-1 driven by retail and developer enthusiasm is now attracting serious capital allocations from professional funds, asset managers, and institutional allocators. This trend bolsters the SOL accumulation thesis as an emerging institutional liquidity and infrastructure story. Why Big Capital Begins Positioning Into Solana In an X post, Rex reported that the latest wave of institutional interest in Solana confirms what analyst Solana Sensei pointed out, that big firms are actively accumulating SOL right now. Forward Industry alone is holding close to $1 billion worth of SOL, while firms like Defidevcorp and others are sitting on hundreds of millions. Related Reading: Solana’s Network Performance Reaches Historic Peaks As Transaction Activity Climbs Rex views this move as just the start, and SOL stands out when it comes to real-world asset (RWA) tokenization. Its insane transaction speed, combined with dirt-cheap fees and real scalability, finally makes moving real assets on-chain viable and sustainable. These projects choosing SOL isn’t accidental; they know where the future is heading. The expert also reflects on the journey. SOL has been addressed as fast but too centralized. Currently, the same institutions that once stayed on the sidelines are quietly stacking billions in SOL, while the real run hasn’t even started yet. SOL is positioning itself to reach levels that may look unimaginable in the next few years. “Supper proud to be part of this,” Rex noted. While the crowd stayed focused on the 2025 volatility, an analyst known as Senior highlighted that Solana entered 2026 by finally delivering on its biggest technical promise. The Firedancer validator client officially went live on mainnet as of January 2026, pushing the network’s finality to 150 milliseconds and finally ending years of beta resilience and performance concerns. At the same time, Western Union officially integrated the SOL network. Meanwhile, the Spot SOL ETF surpassed $1 billion in total net assets this week, indicating that the infrastructure has also reached true institutional-grade standards. In the past, the moment SOL transitions from a retail playground to a permanent global financial rail, becoming unshakeable will feel obvious. On-Chain Activity Reflects Real Usage Growth The Solana metrics are growing. Investor and founder of the Inner Circle, Lark Davis, has revealed that the SOL application revenue surged to $2.39 billion, a 46% year-over-year increase and a new all-time high in 2025. SOL network revenue also reached $1.48 billion, representing a 48 times increase over the past two years. Meanwhile, daily active wallets have climbed to 3.2 million, showing that SOL growth is improving. Related Reading: Why Has The Solana Price Been In A Steady Downtrend Since January? On January 6th, nearly $900 million in stablecoin supply entered the SOL ecosystem in a single day. Currently, SOL leads all chains in both 24-hour and 30-day DEX volumes, and has emerged as the top blockchain by market capitalization for tokenized stocks. Featured image from Freepik, chart from Tradingview.com

Solana started a fresh increase above the $136 zone. SOL price is now consolidating above $138 and might aim for more gains above the $142 zone. SOL price started a fresh upward move above the $136 and $138 levels against the US Dollar. The price is now trading above $138 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $142 resistance zone. Solana Price Regains Traction Solana price corrected gains from the $144 zone but remained stable above the $130 zone, beating Bitcoin and Ethereum. SOL formed a low near $132 and started a fresh upward move. The price climbed above the $135 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $143 swing high to the $132 low. Besides, there was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair. Solana is now trading above $138 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $140 and the 76.4% Fib retracement level of the downward move from the $143 swing high to the $132 low. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could start another decline. Initial support on the downside is near the $138 zone. The first major support is near the $135 level. A break below the $135 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $138 and $135. Major Resistance Levels – $140 and $142.

Investors are expecting Solana (SOL) to gain momentum in 2026, driven by rising on-chain activity, expanding DeFi participation, and increasing institutional exposure through exchange-traded funds. Related Reading: Bitcoin ETFs Bring The Heat: $1.2 Billion Flows In First 48 Hours—Analyst While SOL trades at $139, below its all-time high, recent data suggests that the network’s fundamentals are strengthening alongside a gradual price recovery. Together, these trends are shaping a clearer narrative around how Solana’s valuation could be supported beyond short-term market moves. SOL's price trends sideways on the daily chart. Source: SOLUSD on Tradingview Network Activity and DeFi Metrics Show Sustained Growth On-chain usage has picked up notably since the start of the year. Active addresses on Solana rose from around 3.38 million to 3.78 million in early January, indicating broader participation across transfers, trading, and application usage. This increase in activity has coincided with a steady rise in decentralized finance metrics. The TVL across Solana-based protocols increased from approximately $8 billion to just over $9 billion, reflecting higher capital commitments to lending, liquidity provision, and yield-focused strategies. These gains align with longer-term data from Solana’s 2025 network review, which showed that daily active wallets averaged 3.2 million and non-vote transactions reached a record 33 billion over the year. Decentralized exchange activity also remained a key contributor. The annual DEX volume reached $1.5 trillion in 2025, up 57% year-over-year, with SOL-stablecoin trading volume exceeding $780 billion. Raydium led DEX platforms in terms of volume, while several others surpassed the $10 billion threshold. Application Revenue and Ecosystem Expansion Revenue generation across the Solana ecosystem continues to scale. Applications built on the network generated $2.39 billion in revenue in 2025, a 46% increase from the prior year. Seven applications surpassed $100 million in annual revenue, while smaller projects collectively contributed more than $500 million. The network itself reported $1.4 billion in revenue, reflecting a sharp rise in economic activity tied to usage rather than speculation alone. Beyond DeFi, Solana also saw growth in stablecoin transfers, tokenized equities, and Bitcoin-related activity. Stablecoin supply more than doubled to $14.8 billion, while transfers reached $11.7 trillion, pointing to increased settlement and payment use cases. Solana ETF Inflows and Price Levels in Focus Institutional participation has become more visible through Solana-focused ETFs. Assets under management across these products recently crossed $1.02 billion, with Bitwise’s BSOL accounting for the majority share. Data shows cumulative inflows of nearly $800 million and steady trading volumes, suggesting ongoing demand for regulated exposure. In the spot market, SOL has rebounded from the $120 area to trade near $140, supported by rising volume and improving technical indicators. Related Reading: XRP Rally Reopens The $8–$12 Zone Debate, Says Will Taylor While resistance levels remain, the combination of ETF inflows, higher network usage, and expanding revenue streams is reinforcing the case for higher valuations if broader market conditions remain supportive. Cover image from ChatGPT, SOLUSD chart from Tradingview

Solana (SOL), one of the foremost blockchains in the cryptocurrency sector, recently released its annual review for 2025, showcasing major growth across several key metrics, including daily active wallets and decentralized exchange (DEX) volume.  Seven Solana Apps Break $100 Million Revenue Barrier  According to the report issued on social media platform X (previously Twitter) applications built on Solana generated $2.39 billion in revenue, reflecting a year-over-year increase of 46% and marking a new all-time high (ATH).  Seven standout applications in particular, including Pumpfun, each surpassed the $100 million revenue threshold in 2025. Additionally, the variety of smaller applications—those earning under $100 million—collectively produced over $500 million in revenue. Related Reading: XRP Surges Towards $2.20: Leading Monday Gains And Driving Crypto ETF Inflows The network’s performance indicators are equally impressive. Solana achieved a revenue of $1.4 billion, demonstrating a 48-fold increase over the past two years. Non-vote transactions reached a new ATH of 33 billion, with a year-over-year growth of 28%.  Furthermore, the network averaged 1,054 non-vote transactions per second (TPS) while unique active wallets averaged 3.2 million daily, marking a 50% increase year-on-year. In terms of wallet growth, Solana saw 725 million new wallets. Bitcoin Trading Volume Skyrockets To $33 Billion In terms of asset management, Solana’s stablecoin supply ended the year at $14.8 billion, more than doubling year-on-year. The blockchain facilitated a colossal $11.7 trillion in stablecoin transfers, marking a sevenfold increase over two years.  Notably, equities made their debut on Solana in 2025, achieving a supply of $1 billion and trading volume of $651 million. Bitcoin trading volume grew fivefold compared to the previous year, reaching $33 billion and solidifying a new ATH. The total Bitcoin supply also doubled to $770 million. Staked SOL also saw an increase, with 421 million tokens staked, representing an 8% growth and another ATH. Additionally, the introduction of Solana ETFs attracted net inflows of $1.02 billion. SOL-Stablecoin Volume Soars To $782 Billion In the realm of decentralized exchanges, the total DEX volume reached $1.5 trillion, reflecting a 57% year-over-year growth and another all-time high for the network’s annual review.  The trading volume for SOL-stablecoins set a record at $782 billion, more than doubling year-over-year. Twelve DEX platforms managed to process over $10 billion in volume, with Raydium leading the way at $347 billion. Furthermore, the artificial intelligence (AI) agent volume reached a new all-time high of $31 billion, along with tokenized asset volume rising to $598 million and project token volume increasing to $86 billion. Related Reading: Bitcoin Reaches $93,000 Amid Renewed Optimism: What To Keep An Eye On This Week In the sectors of memecoins and launchpads, memecoin volume totaled $482 billion, although this represented a slight decline of 10% year-on-year. Launchpads had a successful year as well, with six platforms generating over $1 billion in volume and launchpad revenue doubling year-on-year to $762 million.  Trading platforms contributed significantly to Solana’s ecosystem, earning $940 million, a 44% increase compared to the prior year. Moreover, the trading volume processed by these platforms reached $108 billion, up 66% year-on-year. https://www.tradingview.com/x/dPrTZvZ9/ At the time of writing, SOL is trading at $138.50, having recovered by 10% over the past seven days. However, it is still trading 50% below its all-time high of $293, which was reached during last year’s rally. Featured image from DALL-E, chart from TradingView.com 

Solana started a fresh increase above the $135 zone. SOL price is now consolidating above $135 and might aim for more gains above the $140 zone. SOL price started a fresh upward move above the $135 and $138 levels against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There is a contracting triangle forming with support at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $140 resistance zone. Solana Price Eyes Another Increase Solana price started a decent increase after it settled above the $130 zone, like Bitcoin and Ethereum. SOL climbed above the $135 level to enter a short-term positive zone. The price even smashed the $140 resistance. The bulls were able to push the price above $142. Recently, there were a couple of swing moves and the price dipped below the 50% Fib retracement level of the recent upward move from the $136 swing low to the $141 high. Solana is now trading above $138 and the 100-hourly simple moving average. Besides, there is a contracting triangle forming with support at $138 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $140. The next major resistance is near the $142 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Downside Break In SOL? If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $138 zone, the trend line, and the 76.4% Fib retracement level of the recent upward move from the $136 swing low to the $141 high. The first major support is near the $136 level. A break below the $136 level might send the price toward the $130 support zone. If there is a close below the $130 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $138 and $136. Major Resistance Levels – $140 and $142.

On Monday, Bitcoin successfully reclaimed the $93,000 mark, spurred by a wave of renewed optimism that has also revitalized altcoins such as Ethereum (ETH), XRP, and Solana (SOL), all of which are experiencing recoveries not seen in nearly a month.  According to data from CoinGecko, Bitcoin has recorded a weekly surge of 7%, while Ethereum and Solana have outperformed the leading cryptocurrency with increases of nearly 9% during the same period. Notably, XRP has taken the lead, boasting a significant 15% uptrend. Large Holders Drive Bitcoin Surge A key driver behind this recent surge, especially for Bitcoin, can be attributed to large holders, or “whales,” who have acquired approximately 270,000 BTC in the last 30 days, amounting to roughly $23 billion.  Related Reading: Dogecoin Price On The Brink Of A 9,000% Rally To $10? What Historical Performance Shows Market analyst NoLimit highlighted this crucial development in a recent social media post, noting its significance: this accumulation represents 1.3% of Bitcoin’s total supply and marks the largest net buy from this group in 13 years. However, NoLimit asserts that this doesn’t imply that Bitcoin will see an immediate surge in its value. It indicates that long-term investors are aggressively positioning themselves even while the broader market sentiment remains mixed. Will BTC Establish A Macro Lower High? In the short term, though, market analyst Rekt Capital warns that despite Bitcoin hovering just above $93,400, it has closed its 12-month candle below the $93,500 mark. This suggests that the $93,500 level is likely to act as resistance moving forward.  Historical patterns across four-year cycles indicate that such resistances can hinder price movement for an extended period, often resisting for up to three years before being breached in the next Halving year. Related Reading: Venezuela, Geopolitical Risk, And Bitcoin: What On-Chain Data Really Shows Should Bitcoin indeed be in the early stages of a bear market, this could imply that prices might surpass the $93,500 resistance in the coming months only to establish a macro lower high before continuing their downward trajectory.  According to Rekt Capital, the sustainable breakout above this resistance is more likely to occur in the next halving year in 2028. Featured image from DALL-E, chart from TradingView.com 

Solana started a fresh increase above the $130 zone. SOL price is now consolidating above $132 and might aim for more gains above the $138 zone. SOL price started a fresh upward move above the $130 and $132 levels against the US Dollar. The price is now trading above $132 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $140 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it settled above the $125 zone, like Bitcoin and Ethereum. SOL climbed above the $130 level to enter a short-term positive zone. The price even smashed the $132 resistance. The bulls were able to push the price above $135. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $123 swing low to the $138 high. Solana is now trading above $135 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $135 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near $138. The next major resistance is near the $140 level. The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level. Another Decline In SOL? If SOL fails to rise above the $185 resistance, it could start another decline. Initial support on the downside is near the $134 zone and the trend line. The first major support is near the $130 level and the 50% Fib retracement level of the recent upward move from the $123 swing low to the $138 high. A break below the $130 level might send the price toward the $128 support zone. If there is a close below the $128 support, the price could decline toward the $120 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $135 and $130. Major Resistance Levels – $138 and $140.

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Solana (SOL) is retesting a make-or-break area that could set the stage for a major move at the start of next year. Some analysts have suggested that altcoin’s chart signals a bearish performance for the coming months. Related Reading: Here’s Why Bitcoin Advocate Max Keiser Restates Bullish Outlook For 2025 Solana Faces Another Rejection From Key Resistance After hitting a three-week high of $130 on Sunday, Solana started the week with a 6.1% correction to the $122 area. The cryptocurrency recently breached below its macro support around the $120 zone, hitting an eight-month low of $116 in mid-December. Since then, the altcoin has been trading between the $120-$126 mark, attempting to break out of the local resistance multiple times but ultimately being rejected after each retest. SOL’s price surged around 5.6% toward during Sunday’s broader market bounce, trying to build a base below the crucial resistance level before plunging after the early Monday correction. Amid this performance, market observer Crypto Jobs pointed out that Solana had broken out of a six-week falling wedge, which could target the $144-$146 area if momentum holds and price confirms a retest of the breakout. However, the star-of-week pullback has momentarily sent SOL below the pattern’s upper boundary. Analyst Man of Bitcoin also highlighted that the cryptocurrency had broken above a one-month downtrend line, which suggested an initial move toward the $129-$130 area. The analyst explained that “holding above the broken trendline is key to maintaining upside momentum,” but noted that as long as the price remains below $146, a scenario where price is headed for one more low, around the $100-105 horizontal support, remains likely. Following the Monday rejection, he affirmed that “it could be that wave-4 is already complete. A decisive break below the trendline would confirm this further.” SOL’s Higher Timeframe Chart Shows Troubling Signs Market watcher Elite Crypto affirmed that Solana “doesn’t look very strong” on the higher timeframe, pointing to a multi-year bearish pattern potentially forming on SOL’s chart. According to X analysis, the cryptocurrency has been developing a Head and Shoulder pattern since early 2024, with the neckline sitting around the $105 area in the weekly timeframe. The char shows that left shoulder formed during the Q1 2024 rally, while the head and right shoulder formed during its rally to its latest all-time high (ATH) in Q1 and Q3 2025 breakouts, respectively. “If $SOL loses the $105 support then the price could move down to the $75–$51 range and this phase may last until mid 2026,” the investor detailed, adding that “after this period, the overall trend for SOL can turn bullish and set up a better move ahead.” Similarly, Henry from Lord of Alts suggested that Solana has formed a double top formation with the neckline around the current levels instead of a Head and Shoulders pattern. Related Reading: Bitcoin Nears Red Yearly Close: Galaxy Digital Explains The Setup Per the analyst, “We put in a clean double top, rolled over, and now price is going back toward a zone that’s acted as real support before.” If the altcoin fails to hold the current support, its price could retrace toward the $60 mark, the chart shows. Moreover, he added that SOL’s price could also risk a drop to the $35 area in the coming months as there’s “a big gap below that market hasn’t dealt with yet.” Featured Image from Unsplash.com, Chart from TradingView.com