Solana (SOL) is buying and selling close to $140 with a 24-hour achieve of two% and a 7-day achieve of just about 11%. Day by day quantity is over $5.5 billion.
Regardless of the latest bounce, the asset stays under a key resistance stage, which analysts say may determine whether or not the development continues or stalls.
$146 Marks a Key Stage
Analyst Man of Bitcoin views the latest rise as corrective. He famous that so long as SOL stays underneath $146, there’s an opportunity the downtrend resumes. His chart reveals a wave construction the place the present transfer matches inside a wave-4 correction. If that’s correct, a fifth wave decrease may nonetheless play out. He marked doable draw back targets close to $118 and $107.
The $146–$149 space is being watched. An in depth above this zone would weaken the bearish view. Till then, the construction stays weak to reversal.
Elsewhere, CryptoCurb pointed to a MACD purchase sign on the 3-day chart, the primary since April 2025 when SOL traded close to $95. On the time, that sign preceded a powerful rally. With SOL now round $138, they wrote, “$200+ with haste,” suggesting that momentum is constructing once more.
$SOL
purchase sign confirmed on the 3-Day MACD momentum indicator for the first time because the $95 april lows
$200+ with haste.#SOLANA
pic.twitter.com/rqpRNtB62m
— curb.sol (@CryptoCurb) January 6, 2026
The MACD crossover provides weight to the bullish aspect, however affirmation would wish a break of near-term resistance. Till that occurs, merchants are treating the transfer with warning.
Whale Exercise and Community Flows
Giant pockets holders have elevated publicity, in keeping with on-chain information. CW stated,
“Whales are rising their lengthy positions in anticipating $SOL rise.”
Stablecoin provide on Solana has additionally grown, now totaling greater than $15 billion, primarily based on DefiLlama information. This typically displays elevated utilization and capital move into the ecosystem.
Studies from CryptoPotato present regular accumulation by bigger accounts. These wallets have been lively since early January, suggesting a shift in sentiment amongst long-term holders.
In the meantime, institutional demand for SOL continues to develop. CryptoBusy reported that ETFs and different structured merchandise now maintain over 28 million SOL, value $3.81 billion. This demand has remained regular by way of latest value swings.
The submit Solana’s Rally Approaches Key $146 Resistance – Breakout or Rejection Subsequent? appeared first on CryptoPotato.