The post Solana Trades in a Tight Range—Is a Breakout or Breakdown Next for SOL Price? appeared first on Coinpedia Fintech News
The crypto market opened 2026 with a strong bullish push, lifting Solana (SOL) above $143. However, the rally quickly met selling pressure, forcing the price back toward $135, where it is now consolidating just below $138.
This zone has proven critical in the past. During earlier attempts, failure to hold above this range triggered a sharp drop toward $125. As a result, the SOL price now finds itself at a key decision point. The next move—whether a breakout or another rejection—will likely define the short-term trend and determine whether bullish momentum can be sustained or fades once again.
Solana Active Address Rise Regardless of Choppy Price
On-chain data shows a sharp rise in activity on the Solana network. The number of daily active addresses has surged to new short-term highs, reflecting renewed user engagement as 2026 begins. This spike comes at a time when the SOL price is consolidating near a crucial resistance zone, making the data particularly important. Historically, rising network activity during price compression often precedes a decisive move, either confirming strength or setting up volatility.
Source: The Block
The steady increase in active addresses suggests growing participation from users, traders, and applications on the Solana network. This typically points to improving on-chain demand rather than speculative price action alone. If this activity remains elevated, it could support price stability above key support levels and strengthen the case for a bullish breakout. However, if network activity cools while price remains capped, it may signal exhaustion, increasing the risk of a downside move.
Is SOL Price Heading for a Bullish Breakout?
Solana (SOL) is trading inside a critical consolidation zone after a strong rejection from higher levels. Price is holding near $135–$138, an area that has repeatedly acted as both support and resistance. The chart shows SOL stabilising after a prolonged decline, suggesting the market is entering a decisive phase. With price compression tightening and momentum indicators turning neutral-to-positive, traders are watching closely for confirmation of the next directional move.
Technically, SOL is forming a base above prior demand, while price attempts to reclaim the Ichimoku baseline. The cloud remains overhead, signalling resistance, but the RSI has risen above 50, indicating improving momentum. A sustained breakout above $140–$145 could open the path toward $155–$165. On the downside, failure to hold $132 may expose SOL to a pullback toward $125–$120. Volume expansion will be key to confirming either scenario.
Can SOL Break $150 This Month and Reach a New ATH in 2026?
For Solana to break $150 this month, the price must first secure acceptance above the $140–$145 resistance zone with strong volume. A clean daily close above this range would shift momentum decisively bullish and increase the probability of a quick push toward $150–$155.
A new all-time high in 2026 is possible, but it depends on sustained higher-high formation, continued network growth, and broader market strength. For now, SOL appears to be building a base rather than entering a full trend, making confirmation levels critical before expecting a larger rally.