Solana’s Looming Bull Run: Can SOL Wag Its Way to $200?

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Key Highlights

  • Solana (SOL) has pranced from $135 to $144 and is flitting around $139, a brisk recovery above a stubborn bit of support-darling, even the charts are clapping.
  • $145 stands as the gatekeeper; a break could waltz you toward $165-$180 and, with a sly wink, perhaps up to $200. 🚪💃
  • Trading volume surged 223% to $5.57 billion, but new wallet creation has decided to play coy. 🤷‍♂️

Solana, my dear, is back in the spotlight with a chart that hints at a bullish reversal after months of sulking in the wings.

At the moment, the token is trading around $140.70. It clawed back above $140 in under a week after flirting with sub-$135, nudging the price toward the $145 neighbourhood-a treacherous little corner it has repelled several times since November 2025.

Earlier attempts to breach this snug zone ended with a sharp swoon of roughly 15%-20% down to $117. This time, however, the drop was a gentler 3%-4% before buyers reasserted their presence. A veritable restoration, if you squint and sip your champagne. 🥂

This modest dip hints that selling pressure might be fading and that buyers could soon be taking centre stage. In early trading today, price flirted with $144 and has since been drifting sideways like a well-behaved guest at a garden party.

Rounded bottom forms on daily timeframe

On the technical front, the chart has produced a rounded bottom-a bullish stage direction if there ever was one. This little masterpiece began in early December when price fell with something of a melodramatic flourish.

This pattern is further validated by a cup-and-handle moment on the four-hour timeframe, suggesting a more explicit invitation to a rally. Bravo, old sport.

SOL is currently trading above its 20-day, 50-day, and 100-day averages. This kind of setup hasn’t been seen since September 2025 and usually signals the price is in a sturdier position-quite the turnout for a coin that likes drama. 🧐

On the lower timeframe, Solana is testing resistance in the $141.5-$145.4 zone. This aligns with the neckline of a double-bottom pattern, a classic chart trick that could yield more gains if the price breaks through. RSI sits at 64, MA at 56, hinting that buyers are running the show.

Can SOL reclaim $200?

To march boldly to $200, it would take a shove from a breakout above $145, with a modest retrace to tidy up the balance sheet before another rally. Should the breakout come with robust volume, the path could tilt toward $165-$180 and, dare I say, an eventual flirtation with $200. 💫🚀

In short, a strong daily close above $145 would signal that buyers are in command rather than a mere flash in the pan.

Beyond that, the next act lies between $165 and $180, where selling pressure has made cameo appearances in the past. These zones could slow the pace and invite profits. If SOL can breeze through this area with steady volume, the curtain could rise on a further ascent toward $200.

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2026-01-12 23:12