In less than a week, Solana (SOL) price has surged back above $140, staging a swift recovery from its monthly lows below $135. The rebound has pushed SOL into a familiar resistance zone for the sixth time since November 2025. Historically, each test of this range has triggered sharp pullbacks of 15%–16%, underscoring strong overhead supply.
This time, however, the price has corrected by only 3%–4% before rebounding, suggesting growing bullish resilience. While the price action hints at a potential breakout attempt, mixed signals from Solana’s network data point to the risk of a deeper correction before a sustained move higher.
Massive Drop in New Wallets Created on Solana
Solana has surged to nearly $144, putting the spotlight back on the critical $145 resistance zone, a level that has repeatedly capped upside attempts in recent months. While price action shows improving bullish intent, the underlying network growth tells a more cautious story. Data from Santiment indicates that weekly new wallet creation peaked near 30.2 million in November 2024 but has since dropped sharply to around 7.3 million, signaling a slowdown in fresh user adoption.
This divergence matters because past SOL rallies were strongly supported by expanding network participation. If network growth continues to decline, buying momentum may weaken near the resistance level, increasing the risk of rejection and short-term pullbacks. Conversely, a recovery in wallet creation could validate the breakout attempt, strengthening the case for a sustained move above $145 and opening higher upside targets for Solana.
What’s Next for the Solana Price Rally? Here’s What Technicals Suggests
Despite mixed on-chain signals, the short-term price structure for Solana remains constructive. As seen on the 4-hour chart, SOL is once again testing the $141.5–$145.4 resistance band, which also aligns with the neckline of a double-bottom (W-shaped) pattern. A clean breakout above this zone could attract fresh buying interest, especially as current volumes remain relatively muted. This range could attract more buying volume, which is lacking comparatively.
Structurally, the setup is strong: SOL is trading above its 20, 50, 100, and 200 moving averages, a configuration not seen since September 2025. Momentum indicators reinforce this bias, with RSI holding in the upper range since the start of 2026. Sustained acceptance above resistance could invalidate a drop below $140 and open the door for a push toward $150 and beyond, provided volume expands.
Solana Price Prediction 2026: When Can SOL Reclaim $200?
For Solana to rise back above the $200 mark, the market first needs confirmation that the current breakout attempt is sustainable. A high-volume close above the $145 resistance zone would mark a structural shift and likely open the path toward the $165–$180 range, where stronger supply is expected.
Beyond that, a reclaim of $200 would require not only a bullish price structure but also a revival in network growth and on-chain participation, aligning fundamentals with technical strength. Without this confirmation, rallies may remain corrective. With improving momentum and sustained accumulation, the Solana (SOL) price may reclaim $200 soon in 2026.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
