Overview
- SOL failed to hold above $145 and fell to about $130, consolidating below $135 and the 100‑hour simple moving average.
- Intraday charts show resistance around $136 and $140, with immediate supports near $132 and $130 based on Kraken data.
- Some chartists warn of a potential breakdown scenario toward $100 and even cite a multi‑year head‑and‑shoulders pattern that could target $75–$80 if the neckline fails.
- Third‑party Nansen data points to elevated on‑chain activity in the past 30 days with 1.86 billion transactions, roughly 72 million active addresses, $114 billion in DEX volume, and $18.5 million in fees.
- Spot Solana ETFs have recorded about $97 million of January inflows with assets near $1.2 billion, and the Alpenglow network upgrade is expected later this quarter.