The post Solana price tests $126 support as momentum weakens appeared on BitcoinEthereumNews.com. Solana price is hovering near the $126 support zone after losingThe post Solana price tests $126 support as momentum weakens appeared on BitcoinEthereumNews.com. Solana price is hovering near the $126 support zone after losing

Solana price tests $126 support as momentum weakens

Solana price is hovering near the $126 support zone after losing upside momentum, as declining volume and reduced leverage show traders stepping back.

Summary

  • Solana is consolidating near the $126–$128 support zone after a failed push above $145.
  • Falling spot volume and declining derivatives activity suggest reduced speculative interest, even as long-term institutional inflows and ETF demand remain supportive.
  • A firm hold above $126 could stabilize price action, while a daily close below this level risks a deeper pullback toward the $118–$120 range.

Solana was trading around $130 at the time of writing, up 1.4% on the day, though momentum appears to be cooling after a sharp rejection from higher levels.

SOL is down about 10% over the last week. During that time, prices have fluctuated between $125 and $145, indicating increased volatility around key technical levels.

Additionally, trading activity has decreased. Spot volume fell 6.8% to $5.62 billion over the previous day, indicating lower participation during the decline. According to CoinGlass data, open interest dropped 3.61% to $7.60 billion, while futures volume decreased 4.4% to $15.22 billion.

When taken as a whole, these declines indicate that traders are reducing their leverage and closing positions instead of taking on additional risk, which is a common pattern during corrective phases.

Institutional flows and on-chain activity remain constructive

Despite short-term weakness, institutional demand continues to build in the background. Spot Solana (SOL) exchange-traded funds recorded $2.92 million in net inflows on Jan. 21, as per SoSoValue data.

Monthly net inflows have now exceeded $103 million, bringing cumulative inflows to roughly $869 million.

Solana’s on-chain activity is still quite strong. According to DefiLlama data, daily decentralized exchange volume has nearly doubled since the beginning of 2026, going from about $2.5 billion to over $5.6 billion.

Despite a slight decline, the market capitalization of stablecoins is still over $14 billion, indicating strong liquidity.

Solana’s presence in real-world asset tokenization is also growing. Real world asset’s total value locked on the network has surpassed $1.1 billion, placing it third behind Ethereum and BNB Chain. This expansion continues to be fueled by institutional names such as BlackRock, Franklin Templeton, and Ondo.

At the same time, upgrades like Firedancer are improving network reliability, while regulatory clarity discussions and payments-focused partnerships support longer-term adoption.

Solana price technical analysis

From a technical standpoint, momentum has clearly rolled over. Solana failed to hold gains above the $145–$150 zone, where price was repeatedly rejected near the upper Bollinger Band. The current corrective leg began with that rejection.

Solana daily chart. Credit: crypto.news

SOL’s drop below its 20-day moving average suggests a loss of short-term momentum. Growing downward pressure is indicated by the daily relative strength index falling below the neutral 50 mark and into the low-40s. The corrective pattern has persisted because recent attempts at a bounce have stalled at lower highs.

Near-term support is clustered between $126 and $128, an area that lines up with the lower Bollinger Band and a previous consolidation zone. This zone is now under pressure. A sustained daily close below $126 would likely open the door to a deeper pullback toward the $118–$120 area, where earlier demand emerged.

On the upside, recovery attempts are likely to face resistance near $137–$140, followed by the major $145–$150 zone. Until price reclaims those levels and regains the 50-day moving average, rallies may struggle to gain traction.

Source: https://crypto.news/solana-price-126-support-weakening-momentum-2026/

Market Opportunity
4 Logo
4 Price(4)
$0.01539
$0.01539$0.01539
-8.22%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

‘His And Hers’ Finally Dethroned In Netflix’s Top 10 List By A New Show

‘His And Hers’ Finally Dethroned In Netflix’s Top 10 List By A New Show

The post ‘His And Hers’ Finally Dethroned In Netflix’s Top 10 List By A New Show appeared on BitcoinEthereumNews.com. Netflix’s megahit miniseries, His and Hers
Share
BitcoinEthereumNews2026/01/30 01:55
United States B2C Ecommerce Business Report 2025: Amazon, Walmart, Apple, Home Depot, Target Lead the $1.8 Trillion Market, Instacart, DoorDash, Uber Eats Expanded Their Presence – Forecast to 2029 – ResearchAndMarkets.com

United States B2C Ecommerce Business Report 2025: Amazon, Walmart, Apple, Home Depot, Target Lead the $1.8 Trillion Market, Instacart, DoorDash, Uber Eats Expanded Their Presence – Forecast to 2029 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “United States B2C Ecommerce Market Size & Forecast by Value and Volume Across 80+ KPIs – Databook Q4 2025 Update” report has been added
Share
AI Journal2026/01/30 02:00
Huawei goes public with chip ambitions, boosting China’s tech autonomy post-Nvidia

Huawei goes public with chip ambitions, boosting China’s tech autonomy post-Nvidia

The post Huawei goes public with chip ambitions, boosting China’s tech autonomy post-Nvidia appeared on BitcoinEthereumNews.com. Huawei publicly revealed its full chip roadmap on Thursday during its annual Connect conference in Shanghai, confirming it would begin releasing some of the world’s most powerful computing systems in a push to reduce China’s reliance on Nvidia and other foreign chipmakers, according to Reuters. Eric Xu, Huawei’s rotating chairman, disclosed that the company had developed its own high-bandwidth memory, a technology previously led by Samsung and SK Hynix. Xu said, “We will follow a 1-year release cycle and double compute with each release,” making it clear Huawei now intends to release next-gen chips and hardware annually with increased processing capabilities. The announcement came just days before U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet on Friday, following trade talks between both countries earlier in the week. The move is widely seen as an attempt by Beijing to project confidence in its tech ecosystem as U.S.-China tensions continue to grow. Huawei releases full schedule for Ascend, Kunpeng chips, and computing clusters Huawei detailed the timeline for its AI chip series Ascend, starting with the 910C, which was released earlier this year. The Ascend 950 will launch in 2026 with two variants. The 960 will follow in 2027, and the 970 is scheduled for 2028. Huawei also confirmed its Kunpeng server chips will receive updates in 2026 and 2028. China’s chip war with the U.S. escalated this week as Nvidia was accused of violating China’s anti-monopoly law, and several large Chinese tech firms were ordered to cancel Nvidia AI chip orders. Financial Times reported that government regulators had also instructed distributors to stop placing new Nvidia orders. One executive in China’s chip distribution industry said his company was told verbally to stop buying Nvidia chips and was only allowed to sell current inventory. That executive declined…
Share
BitcoinEthereumNews2025/09/18 21:20