Solana trades round $140 as analysts watch the $146 degree for route, with whales accumulating and a MACD purchase sign hinting at upside.
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%. Each day quantity is over $5.5 billion.
Regardless of the latest bounce, the asset stays under a key resistance degree, which analysts say may determine whether or not the development continues or stalls.
$146 Marks a Key Degree
Analyst Man of Bitcoin views the latest rise as corrective. He famous that so long as SOL stays beneath $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 potential draw back targets close to $118 and $107.
The $146–$149 space is being watched. A detailed 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.
purchase sign confirmed on the 3-Day MACD momentum indicator for the first time for the reason that $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 facet, however affirmation would wish a break of near-term resistance. Till that occurs, merchants are treating the transfer with warning.
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Whale Exercise and Community Flows
Massive pockets holders have elevated publicity, in keeping with on-chain knowledge. CW said,
“Whales are growing their lengthy positions in anticipating $SOL rise.”
Stablecoin provide on Solana has additionally grown, now totaling greater than $15 billion, based mostly on DefiLlama knowledge. This typically displays elevated utilization and capital circulate into the ecosystem.
Stories from CryptoPotato show regular accumulation by bigger accounts. These wallets have been energetic 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 means of latest value swings.
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