Jan 20, 2026
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Solana Faces Potential 25% Drop After Breaking Key Support Levels
Solana (SOL) is currently trading 54.3% below its all-time high of $293, recorded in 2025. The cryptocurrency faced an 8% pullback, hitting a two-week low of $130, struggling to maintain bullish momentum.
Key Developments
- Solana has been fluctuating between $115-$145 over the past three months.
- The recent pullback sent SOL back below key support levels after briefly breaching $145.
- BitGuru suggests a potential rebound if SOL holds its current local support area.
- Analyst Man of Bitcoin highlights a breach below the ascending trendline and $136 mark.
The short-term support for Solana is identified between $129-$136. A failure to maintain this range could lead to a further decline toward the $100 mark.
Head And Shoulders Pattern
- A macro Head and Shoulders pattern is forming on Solana's chart, indicating potential new lows.
- The neckline sits around the $120 area, with a potential breakdown leading to a 35%-40% drop toward $75-$80.
- Crypto Curb suggests an alternative scenario where Solana could mimic the S&P 500's recovery pattern from 2009-2011, potentially invalidating the bearish pattern.
Currently, Solana trades at $134, marking a 5.6% daily decline.
