$SOL is exhibiting a strong recovery trend, currently trading around $138 - $140. After a period of consolidation, the market is showing renewed optimism driven by institutional interest and bullish technical setups.
Technical Analysis
The technical picture for SOL/USD has shifted from bearish to cautiously bullish over the first week of 2026:
Key Resistance & Pivot: The price recently flipped the $130 level from resistance to support. Analysts are eyeing $140 as the critical "confirmation" level; a sustained close above this could trigger a rally toward $155 and eventually the $165–$170 range.
Support Levels: Immediate support is solid at $132, with a deeper demand zone established between $120 and $123.
Indicators: * The Moving Average Convergence Divergence (MACD) has turned positive on shorter timeframes.
The Money Flow Index (MFI) is high (near 76), suggesting strong buying pressure, though it also signals the asset is approaching "overbought" territory in the short term.
