Solana Slips Again: Bulls Defend $118 – Or Missing the Boat?

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Morning update with more drama than my love life: Solana can’t settle above $132 and plummets into the $130s, because obviously that’s how you make an entrance.

  • Solana started a fresh decline below $132 and $130, making a grand exit like a mid-season breakup.
  • The price is now flirting with $130 and the 100-hour moving average-very theatrical, darling.
  • A key bearish trend line is forming with resistance at $126 on the hourly SOL/USD chart (Kraken, naturally, because every chart needs a villain).
  • The path to a recovery wave might open if the bulls defend $118 or, even better, $115-sunscreen not included.

Solana Price Dips Further

Solana couldn’t stay chic above $132 and, like a bad date, slipped below $130 and even $126, proving pockets of optimism have a time limit.

The downward march gained momentum below $122, with a low around $117. It then pulled itself together enough to climb above the 23.6% Fib retracement of the drop from $132 to $117-because even volatility needs a tidy statistic.

Now Solana is below $130 and the 100-hourly SMA. On the upside, the first vibes of resistance are around $125 or the 50% Fib retracement level of the move from $132 to $117.

The next major obstacle sits near $126. There’s also that bearish trend line with resistance at $126 on the hourly SOL/USD chart. The main glass ceiling could be around $132. A clean close above $132 might set the pace for the next chapter, with $140 as the next glamorous milestone and perhaps $144 as the plot twist nobody asked for.

Another Drop In SOL?

If SOL refuses to rise above $126, the mood stays downward. Initial support on the downside sits near $119, with the first big anchor at $117.

A break below $117 could push the price toward $115. If there’s a close below $115, the next act might be a slide toward the $102 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone, which is as dramatic as a season finale cliffhanger.

Hourly RSI – The RSI for SOL/USD is below the 50 mark, which is not a good sign for a party rep.

Major Support Levels – $117 and $115.

Major Resistance Levels – $126 and $132.

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2026-01-26 08:10