Solana (SOL) Price Decline: Will it Continue?

Jakarta, Pintu News – Solana (SOL) has experienced a significant price drop, following in the footsteps of Bitcoin (BTC) and Ethereum (ETH). After failing to hold above $140, SOL is now struggling under bearish pressure with critical support constantly being tested.

Solana Price Drop Start

Solana (SOL) did not manage to maintain its position above $140 and started a new decline. The drop below the $138 and $135 support levels marked the beginning of a stronger bearish momentum. Solana (SOL) price continued to fall until it bottomed out at $124 before finally consolidating the losses.

Price recovery occurred briefly when Solana (SOL) managed to rise above the 23.6% Fibonacci retracement level of the move down from $143 to $124. However, this recovery attempt does not seem strong enough to change the current trend.

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Key Resistance and Support

Currently, Solana (SOL) is trading below $135 and the 100-hour simple moving average. On the upside, immediate resistance is near the $134 level, which is the 50% Fibonacci retracement of the same downside move. The next major resistance is at $136, with critical resistance at $138, where there is a key bearish trend line on the hourly chart of the SOL/USD pair. If Solana (SOL) manages to break the $138 resistance zone, this could be the start of a steady rise. The next key resistance is $144, and further gains could push the price towards $150.

Potential for Further Decline

If Solana (SOL) fails to break the $133 resistance, there is a possibility that the price will continue to decline. Initial support lies in the $129 zone, with the first major support at $125. A break below the $125 level could push the price towards the $120 support zone.

If the price closes below the $120 support, Solana (SOL) could see a further decline towards the $112 support in the short term. Technical indicators such as hourly MACD and RSI (Relative Strength Index) show a loss of momentum in the bearish zone, which could worsen the situation for Solana (SOL).

Conclusion

Given the challenges it faces, the future of Solana (SOL) price seems to depend largely on its ability to break through key resistance and maintain important support. Investors and traders should monitor technical indicators and support and resistance levels to make informed trading decisions.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana (SOL) Recovery At Risk, 135%. Accessed on January 23, 2026