Solana is trading close to a crucial support zone near $135 after another failed attempt to break above $140. Despite recent volatility, SOL has stabilized, helped by renewed institutional inflows that are improving overall market sentiment. With Bitcoin still moving within a volatile range around $91,000, analysts believe Solana could attempt a move toward the $150 target if momentum strengthens.
As the broader crypto market recovers, Solana has emerged as one of the strongest performers. The altcoin has benefited from improving investor sentiment, especially after major institutions such as Vanguard and Bank of America expressed support for crypto ETFs. This shift has boosted trading interest across leading assets, including Solana. The network also confirmed plans to introduce its SKR native token in January 2026.
Solana continues to lead decentralized exchange (DEX) activity, recording $3.092 billion in trading volume—more than any other major chain, with BNB following at $2.034 billion. This growth highlights increasing on-chain activity and rising confidence in Solana’s ecosystem.
Analysts note that SOL is currently testing a key support level within a long-term upward channel on the monthly chart. A rebound from this zone could trigger a breakout, with potential price targets projected at $262 and $315. Market participants are watching closely for signs of renewed upward momentum.
Solana is trading around $134, down slightly by 0.30% over the last 24 hours. Failure to break resistance at $140 may lead to another move toward lower support. However, a successful break above the range could open the path toward $150.
Technical indicators remain cautious. The RSI is at 35—below the neutral 50 level—signaling bearish momentum. The MACD also shows weakness, with the MACD line and histogram positioned below the signal line, indicating negative trend pressure.
