2026-01-10 21:51:50

Technical Review of SOL: Solana Stabilizes Near Key Support After Extended Correction

Solana remains in a correction phase after failing to stay above the $185–$200 resistance zone, which coincides with the Fibonacci retracement levels of 0.5–0.618. Rejection from this supply zone and subsequent breakdown below the descending trendline confirmed a shift from a bullish structure to a neutral-bearish medium-term setup.
The price is currently consolidating around the $130–$136 area, forming a short-term base after a prolonged decline from highs above $240. This zone serves as an important decision area for the next movement direction.
EMA Structure (Bullish to Neutral Setup)
20 EMA: $132.02
50 EMA: $136.60
100 EMA: $149.87
200 EMA: $161.41
SOL is trading below all major EMAs, with the 20 and 50 EMAs acting as immediate dynamic resistance. The EMA alignment remains bullish, indicating that sellers still control the overall momentum. Any attempt to rally is likely to face selling pressure between $136–$150 unless a decisive recovery occurs.
Fibonacci Levels and Price Structure
0.786 Fib: $224.22 (Main Rejection Zone)
0.618 Fib: $201.25 (Key Break Level)
0.5 Fib: $185.12 (Decisive Resistance Level)
0.382 Fib: $168.99
0.236 Fib: $149.03
Fib 0: $116.77
Solana failed to hold above the 0.382–0.5 Fib cluster, confirming the continuation of the correction structure. The current price action remains above a strong historical demand zone between $128–$132, providing temporary support from below.
A breakdown below this zone will open SOL’s access to support at the $118 area, while successful holding could allow a rebound toward higher resistance levels.
RSI Index and Momentum
The RSI is currently around 56, indicating improving momentum from oversold conditions. Although buying pressure has increased, RSI remains below strong bullish levels, suggesting a recovery rather than a trend reversal at this stage.
📊 Key Levels
Resistance
$136–$116 $138 20 & 50 EMA zone(
)$149 0.236 Fib(
$168–)$170 0.382 Fib zone(
)$185 0.5 Fib(
)$201 0.618 Fib(
Support
$132–)$128 Main demand zone(
$118–)$116 Next support below(
RSI
55–56 — Neutral with moderate bullish recovery
📌 Summary
Solana is consolidating after a prolonged correction, holding above the critical demand zone near $130. Although the downward momentum has slowed and RSI shows signs of recovery, the broader structure remains bullish below $150–$160.
For a stable recovery, SOL needs to return to ) and then stabilize above $168–$185, while a breakdown below $149 could trigger another decline toward $116.
$128
$SOL

SOL2.98%

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Asiftahsin

2026-01-10 00:00:36

SOL Technical Outlook: Solana Stabilizes Near Key Support After Extended Corrective Move

Solana remains in a corrective phase after failing to hold above the $185–$200 resistance region, which aligns with the 0.5–0.618 Fibonacci retracement zone. The rejection from this supply area and the subsequent breakdown below the descending trendline confirmed a shift from a bullish structure into a neutral-bearish medium-term bias.

Price is now consolidating near the $130–$136 region, forming a short-term base following a prolonged decline from the $240+ highs. This zone is acting as an important decision area for the next directional move.

EMA Structure (Bearish to Neutral Bias)

20 EMA: $132.02

50 EMA: $136.60

100 EMA: $149.87

200 EMA: $161.41

SOL is trading below all major EMAs, with the 20 and 50 EMA acting as immediate dynamic resistance. The EMA alignment remains bearish, indicating sellers still control the broader momentum. Any upside attempt is likely to face selling pressure between $136–$150 unless reclaimed decisively.

Fibonacci & Price Structure

0.786 Fib: $224.22 (major rejection zone)

0.618 Fib: $201.25 (key breakdown level)

0.5 Fib: $185.12 (trend-defining resistance)

0.382 Fib: $168.99

0.236 Fib: $149.03

Fib 0: $116.77

Solana failed to hold above the 0.382–0.5 Fib cluster, confirming continuation of the corrective structure. Current price action is holding above a strong historical demand zone between $128–$132, which is providing temporary downside support.

A breakdown below this zone would expose SOL to the $118–$116 support area, while a successful hold could allow a relief bounce toward higher resistance levels.

RSI Momentum

RSI is currently trading around 56, indicating improving momentum from oversold conditions. While buying pressure has increased, RSI remains below strong bullish levels, suggesting recovery rather than trend reversal at this stage.

📊 Key Levels

Resistance

$136–$138 (20 & 50 EMA zone)

$149 (0.236 Fib)

$168–$170 (0.382 Fib)

$185 (0.5 Fib)

$201 (0.618 Fib)

Support

$132–$128 (major demand zone)

$118–$116 (next downside support)

RSI

55–56 — neutral with mild bullish recovery

📌 Summary

Solana is consolidating after a prolonged corrective decline, holding above a critical demand zone near $130. While downside momentum has slowed and RSI shows recovery, the broader structure remains bearish below $150–$160.

A sustained recovery requires SOL to reclaim $149 and then stabilize above $168–$185, while a breakdown below $128 would likely trigger another downside leg toward $116.

$SOL
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