Solana (SOL) is trading near $140 with a 24-hour gain of 2% and a 7-day gain of almost 11%. Daily volume is over $5.5 billion.<\/p>\n
Despite the recent bounce, the asset remains below a key resistance level, which analysts say could decide whether the trend continues or stalls.<\/p>\n
Analyst Man of Bitcoin views<\/a> the recent rise as corrective. He noted that as long as SOL stays under $146, there\u2019s a chance the downtrend resumes. His chart shows a wave structure where the current move fits within a wave-4 correction. If that\u2019s accurate, a fifth wave lower could still play out. He marked possible downside targets near $118 and $107.<\/p>\n The $146\u2013$149 area is being watched. A close above this zone would weaken the bearish view. Until then, the structure remains vulnerable to reversal.<\/p>\n Elsewhere, CryptoCurb pointed to a MACD buy signal on the 3-day chart, the first since April 2025 when SOL traded near $95. At the time, that signal preceded a strong rally. With SOL now around $138, they wrote, \u201c$200+ with haste<\/em>,\u201d suggesting that momentum is building again.<\/p>\n $SOL<\/a><\/p>\n buy signal confirmed on the 3-Day MACD momentum indicator for the 1st time since the $95 april lows<\/p>\n $200+ with haste.#SOLANA<\/a> pic.twitter.com\/rqpRNtB62m<\/a><\/p>\n \u2014 curb.sol (@CryptoCurb) January 6, 2026<\/a><\/p>\n\n The MACD crossover adds weight to the bullish side, but confirmation would need a break of near-term resistance. Until that happens, traders are treating the move with caution.<\/p>\n Large wallet holders have increased exposure, according to on-chain data. CW said<\/a>,<\/p>\n \u201cWhales are increasing their long positions in expecting $SOL rise.\u201d<\/p>\n Stablecoin supply on Solana has also grown, now totaling more than $15 billion, based on DefiLlama data. This often reflects increased usage and capital flow into the ecosystem.<\/p>\n Reports from CryptoPotato<\/em> show<\/a> steady accumulation by larger accounts. These wallets have been active since early January, suggesting a shift in sentiment among long-term holders.<\/p>\n Meanwhile, institutional demand for SOL continues to grow. CryptoBusy reported<\/a> that ETFs and other structured products now hold over 28 million SOL, worth $3.81 billion. This demand has remained steady through recent price swings.<\/p>\n The post Solana\u2019s Rally Approaches Key $146 Resistance \u2013 Breakout or Rejection Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Solana (SOL) is trading near $140 with a 24-hour gain of 2% and a 7-day gain of almost 11%. Daily volume is over $5.5 billion. Despite the recent bounce, the asset remains below a key resistance level, which analysts say could decide whether the trend continues or stalls. $146 Marks a Key Level Analyst Man […]<\/p>\n","protected":false},"author":0,"featured_media":125133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-125132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125132"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125132"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/125132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/125133"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Whale Activity and Network Flows<\/h2>\n