NewsBTC
Jan 9, 2026
0 0

Solana price climbs above $138, eyes further gains past $142

Key Points on Solana (SOL) Price Movement

  • SOL price began an upward trend, moving above $136 and consolidating above $138.
  • Currently trading above the $138 mark and the 100-hourly simple moving average.
  • A break occurred above a bearish trend line with resistance at $137 on the SOL/USD chart (Kraken data).
  • Potential for further gains if the $142 resistance zone is surpassed.

Price Analysis

  • After correcting from $144, SOL maintained stability above $130, outperforming Bitcoin and Ethereum.
  • It re-entered a positive zone by climbing past $135, breaking a bearish trend line at $137.
  • Facing resistance near $140 and the 76.4% Fib retracement level; next major resistance is at $142.

Solana Price

  • If SOL closes above $145, it may pave the way for further increases towards $150 and potentially $155.

Potential Decline

  • If unable to surpass $140 resistance, SOL might decline.
  • Initial support lies near $138, with major support around $135.
  • A drop below $135 could push the price toward $132, and potentially $124 if $132 breaks.

Technical Indicators

  • The MACD for SOL/USD shows bullish momentum.
  • The RSI for SOL/USD is above 50, indicating strength.
  • Major Support Levels: $138, $135
  • Major Resistance Levels: $140, $142