{"id":9405,"date":"2026-01-16T05:11:03","date_gmt":"2026-01-16T05:11:03","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/solana-sol-slips-back-to-support-setting-up-a-high-tension-test\/"},"modified":"2026-01-16T05:11:03","modified_gmt":"2026-01-16T05:11:03","slug":"solana-sol-slips-back-to-support-setting-up-a-high-tension-test","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/solana-sol-slips-back-to-support-setting-up-a-high-tension-test\/","title":{"rendered":"Solana (SOL) Slips Back to Support, Setting Up a High-Tension Test"},"content":{"rendered":"<p><em>Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone.<\/em><\/p>\n<ul>\n<li>SOL price started a downside correction below $145 against the US Dollar.<\/li>\n<li>The price is now trading below $145 and the 100-hourly simple moving average.<\/li>\n<li>There is a bullish trend line forming with support at $141 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The pair could extend losses if it dips below the $140 zone.<\/li>\n<\/ul>\n<h2>Solana Price Starts Downside Correction<\/h2>\n<p>Solana price failed to surpass $150 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $146 and $145 to enter a short-term bearish zone.<\/p>\n<p>There was a move below the 61.8% Fib retracement level of the upward wave from the $138 swing low to the $149 high. However, the bulls are active above $140. Besides, there is a bullish trend line forming with support at $141 on the hourly chart of the SOL\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-876086\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/01\/Solana_00fa6e.png?resize=1024%2C488\" alt=\"Solana Price \" width=\"1024\" height=\"488\" loading=\"lazy\" \/><\/p>\n<p>Solana is now trading below $145 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $144 level. The next major resistance is near the $146 level. The main resistance could be $148. A successful close above the $148 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $162 level.<\/p>\n<h2>More Losses In SOL?<\/h2>\n<p>If SOL fails to rise above the $146 resistance, it could start another decline. Initial support on the downside is near the $141 zone and the trend line. The first major support is near the $140 level and the 76.4% Fib retracement level of the upward wave from the $138 swing low to the $149 high.<\/p>\n<p>A break below the $140 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bearish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $141 and $140.<\/p>\n<p>Major Resistance Levels \u2013 $146 and $148.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana failed to stay above $146 and corrected gains. SOL price is now trading below $145 and might find bids near the $140 zone. SOL price started a downside correction below $145 against the US Dollar. The price is now trading below $145 and the 100-hourly simple moving average. There is a bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9406,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[174,121,251,177,129,76],"class_list":["post-9405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9405"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9406"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}