The post Solana price tests $126 support as momentum weakens appeared on BitcoinEthereumNews.com. Solana price is hovering near the $126 support zone after losingThe post Solana price tests $126 support as momentum weakens appeared on BitcoinEthereumNews.com. Solana price is hovering near the $126 support zone after losing

Solana price tests $126 support as momentum weakens

Solana price is hovering near the $126 support zone after losing upside momentum, as declining volume and reduced leverage show traders stepping back.

Summary

  • Solana is consolidating near the $126–$128 support zone after a failed push above $145.
  • Falling spot volume and declining derivatives activity suggest reduced speculative interest, even as long-term institutional inflows and ETF demand remain supportive.
  • A firm hold above $126 could stabilize price action, while a daily close below this level risks a deeper pullback toward the $118–$120 range.

Solana was trading around $130 at the time of writing, up 1.4% on the day, though momentum appears to be cooling after a sharp rejection from higher levels.

SOL is down about 10% over the last week. During that time, prices have fluctuated between $125 and $145, indicating increased volatility around key technical levels.

Additionally, trading activity has decreased. Spot volume fell 6.8% to $5.62 billion over the previous day, indicating lower participation during the decline. According to CoinGlass data, open interest dropped 3.61% to $7.60 billion, while futures volume decreased 4.4% to $15.22 billion.

When taken as a whole, these declines indicate that traders are reducing their leverage and closing positions instead of taking on additional risk, which is a common pattern during corrective phases.

Institutional flows and on-chain activity remain constructive

Despite short-term weakness, institutional demand continues to build in the background. Spot Solana (SOL) exchange-traded funds recorded $2.92 million in net inflows on Jan. 21, as per SoSoValue data.

Monthly net inflows have now exceeded $103 million, bringing cumulative inflows to roughly $869 million.

Solana’s on-chain activity is still quite strong. According to DefiLlama data, daily decentralized exchange volume has nearly doubled since the beginning of 2026, going from about $2.5 billion to over $5.6 billion.

Despite a slight decline, the market capitalization of stablecoins is still over $14 billion, indicating strong liquidity.

Solana’s presence in real-world asset tokenization is also growing. Real world asset’s total value locked on the network has surpassed $1.1 billion, placing it third behind Ethereum and BNB Chain. This expansion continues to be fueled by institutional names such as BlackRock, Franklin Templeton, and Ondo.

At the same time, upgrades like Firedancer are improving network reliability, while regulatory clarity discussions and payments-focused partnerships support longer-term adoption.

Solana price technical analysis

From a technical standpoint, momentum has clearly rolled over. Solana failed to hold gains above the $145–$150 zone, where price was repeatedly rejected near the upper Bollinger Band. The current corrective leg began with that rejection.

Solana daily chart. Credit: crypto.news

SOL’s drop below its 20-day moving average suggests a loss of short-term momentum. Growing downward pressure is indicated by the daily relative strength index falling below the neutral 50 mark and into the low-40s. The corrective pattern has persisted because recent attempts at a bounce have stalled at lower highs.

Near-term support is clustered between $126 and $128, an area that lines up with the lower Bollinger Band and a previous consolidation zone. This zone is now under pressure. A sustained daily close below $126 would likely open the door to a deeper pullback toward the $118–$120 area, where earlier demand emerged.

On the upside, recovery attempts are likely to face resistance near $137–$140, followed by the major $145–$150 zone. Until price reclaims those levels and regains the 50-day moving average, rallies may struggle to gain traction.

Source: https://crypto.news/solana-price-126-support-weakening-momentum-2026/

Market Opportunity
4 Logo
4 Price(4)
$0.02131
$0.02131$0.02131
-2.60%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

REX Shares’ Solana staking ETF sees $10M inflows, AUM tops $289M for first time

REX Shares’ Solana staking ETF sees $10M inflows, AUM tops $289M for first time

The post REX Shares’ Solana staking ETF sees $10M inflows, AUM tops $289M for first time appeared on BitcoinEthereumNews.com. Key Takeaways REX Shares’ Solana staking ETF saw $10 million in inflows in one day. Total inflows over the past three days amount to $23 million. REX Shares’ Solana staking ETF recorded $10 million in inflows yesterday, bringing total additions to $23 million over the past three days. The fund’s assets under management climbed above $289.0 million for the first time. The SSK ETF is the first U.S. exchange-traded fund focused on Solana staking. Source: https://cryptobriefing.com/rex-shares-solana-staking-etf-aum-289m/
Share
BitcoinEthereumNews2025/09/18 02:34
Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol

Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol

The post Why Everyone Is Talking About Saga, Cosmos, and Mars Protocol appeared on BitcoinEthereumNews.com. Layer-1 blockchain protocol Saga has faced a severe
Share
BitcoinEthereumNews2026/01/22 17:01
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39