2026-01-21 03:21:41

SOL is currently trading around $126. After the recent correction, it has entered oversold territory, with the RSI indicator approaching a bottom, while the MACD shows signs of a buy signal.

From a technical perspective, the $121.66 level is very important—holding this level is the basis for a rebound. Resistance above is concentrated in the $136 to $148 range, and a breakout is needed to continue upward.

There are several factors supporting this rebound. ETF inflows continue to pour in, and ecosystem applications are still thriving, providing strong support for SOL. At this pace, the target range for the next 4 weeks could be $155 to $200. Of course, caution is needed to avoid breaking below that key support line, as a breach could lead to deeper declines.

SOL3,09%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
5
Repost
Share

Comment

0/400

MissedTheBoat

· 17h ago

Is this the same 121.66 support argument again? Said the same last time... If 126 can't hold, don't just complain about 155 Friends, how reliable is SOL's recent rebound? Feels a bit shaky Does RSI hitting bottom necessarily mean it will rise? I don't think so Is the ETF fund inflow real? Feeling a bit anxious If it breaks below 121, just give up, no more hesitation This time I bet it won't reach 148... The technicals look comfortable, but my wallet is crying Why does it feel like 136-148 is just a paper tiger? Be careful not to fall below, or it's all over? The implication is still unstable

View OriginalReply0

DefiSecurityGuard

· 17h ago

ngl the $121.66 support line is giving major red flags... seen this exact setup before right before a rug. not saying sol's gonna pull one but DYOR on those etf inflows fr fr

Reply0

NFTRegretter

· 17h ago

If I can't hold 121, I'll liquidate everything. This wave isn't that simple.

View OriginalReply0

quiet_lurker

· 17h ago

121.66 If we can't hold this level, let's just wait for the bottom to be tested again. This rebound, to be honest, is still a gamble on ETF enthusiasm.

View OriginalReply0

PanicSeller

· 17h ago

Talking about the 121 line again, can it hold this time?

View OriginalReply0