Solana (SOL) Price Gains Momentum in Early 2026, Holding Crucial $130 Support

Solana (SOL) is now showing initial tendencies towards having an upward move as the cryptocurrency rests at particular key resistances. Market actions in the previous few days illuminate the possibility of the cryptocurrency having another momentum lift in the incoming Q1, but there might be a slight downturn beforehand.

At the time of writing, SOL is trading at $131.9. Over the last 24 hours, SOL has seen a 2.09% price increase, supported by a 24-hour trading volume of $7.71 billion and a market capitalization of $74.20 billion. Investors and enthusiasts are keeping a close watch on how the token navigates critical technical levels after a recent pullback.

Source: CoinMarketCap

Solana (SOL) Shows Early Q1 Momentum

Popular crypto analyst More Crypto Online noted that the current retest of the previously broken levels between $129 and $130 is underway. To maintain the positive trend, it is important to remain above this area.

Source: X

Analysts say that the current pullback seems to be happening in three phases. This implies that the market is positive, but one has to be cautious. A break below the last low at $126.70 could indicate the failure of the recent breakout.

However, in terms of projecting what will happen in the future, it is expected that SOL will retain this positive momentum in the first quarter of the year, but there is also the expectation that there will be just one pull-back before the next major bull run. It would seem that there could be another entry point for investors with respect to the market of SOL at $129-$130.

Overall, the performance of Solana’s price is representative of market interest and market enthusiasm that has followed the late 2025 retracement. If the cryptocurrency is able to sustain itself above the levels of support, it is bound to signal future growth in market interest for cryptocurrency enthusiasts seeking early Q1 trading activity.

Also Read | Solana Records $873 Million in RWAs, Fuels Explosive 2026 Growth Outlook

Solana Weekly Momentum Still Weak

Solana’s weekly RSI is approximately 39.6, which is below the middle level of 50, indicating weak buying momentum. The average RSI is close to 44, still moving downhill, indicating that the momentum is yet to be recovered. The price is below the MA ribbon, below the 20-100 SMAs at around 175, 167, 166, but still above the 200 SMA at 103.

The MACD is at -7.0, below the signal line at -7.6. The color of the histogram bars is red, and this means that the sellers are in control. However, the momentum does not appear to be increasing but rather moving stably.

Also Read | Solana Eyes Upside Toward $180, Holds Macro Support