Jan 10, 2026
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Solana Faces Resistance at $144, Analysts See Potential Bullish Reversal
Solana (SOL) recently faced a 4% correction after failing to reclaim a major resistance area. The cryptocurrency has been trading between $120-$145 since early November, hitting local lows three weeks ago.
Key Observations:
- Solana's recent rally saw a 13% increase from its yearly opening, reaching a monthly high of $143.4.
- Current resistance is around the $140 level; rejection here suggests a potential retrace towards November lows.
- Crypto Batman anticipates a drop to the $128-$130 support area due to unfilled bullish Fair Value Gap (FVG).
- An inverse Head and Shoulders pattern may be forming, hinting at a possible breakout if confirmed.
Market Perspectives:
- King Arthur views a break above $143 as crucial for momentum, aiming for a target of $171.55 if successful.
- A drop below $133 would indicate readiness for further bullish continuation is questionable.
- Crypto Jelle notes Solana's inability to challenge the $200 psychological barrier, drawing parallels with BNB’s price action.
As of now, Solana trades at $134.9, showing a 2.3% daily decline.
