Overview
- SOL is consolidating above $135–$138 after tapping $142, with intraday structure showing a contracting triangle and immediate hurdles at $140, $142 and $145.
- The weekly downtrend from mid-2025 has been broken on rising volume, and a daily hold above $134 strengthened near-term momentum.
- Key supports sit near $138 and $136 intraday, $130 as a pivot, and $117 as critical higher-time-frame support that launched the rebound.
- On-chain spot trading on Solana totaled about $1.6 trillion in 2025, lifting its share to roughly 12% by Jan. 4 and ranking it second behind Binance.
- Expanding stablecoin liquidity and capacity upgrades such as the Firedancer validator client are cited as enabling higher throughput and more durable on-chain activity.