SOL Daily Technical Analysis
Solana
High-performance blockchain supporting fast and inexpensive decentralized apps and NFTs.
SOL Technical Analysis Summary
Solana is currently in a bearish posture, trading below all key moving averages including the 200-day SMA. Momentum indicators support this negative outlook, with the MACD line below the signal line and the RSI trending downward toward oversold territory. The immediate focus is on the critical support zone near $118-$120; a failure to hold this level could accelerate the downtrend confirmed by the recent Death Cross.
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SOL Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day SMA and testing the lower Bollinger Band, accompanied by a bearish MACD crossover and declining RSI.
Long-term Sentiment (weeks to months): Bearish
The price is sustained below the 200-day SMA (172.04), and a 'Death Cross' (50 SMA crossing below 200 SMA) confirms a downward structural shift.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T13:02:32.593Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $125.95 | $125.14 - $126.75 | Weak | Immediate support zone defined by the Lower Bollinger Band and today's intraday low. |
| $119.50 | $118.00 - $121.00 | Strong | Key swing lows from August and September that have successfully bounced price previously. |
| $110.50 | $109.00 - $112.00 | Strong | Major historical support level visible at the start of the chart period. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $134.41 | $131.71 - $137.11 | Strong | Convergence of the 50-day SMA and the 20-day SMA creates a significant overhead hurdle. |
| $162.00 | $160.00 - $164.00 | Strong | Recent swing high from late August acting as the top of the current lower-high structure. |
| $173.50 | $172.00 - $175.00 | Strong | The 200-day SMA serves as the primary long-term trend resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross | Bearish | N/A | The 50-day SMA (131.71) is positioned below the 200-day SMA (172.04), a classic signal of long-term bearish momentum. |
| Strong | Consolidation Range | Neutral | N/A | Price is oscillating in a broad range roughly between 120 support and 160-190 resistance. |
Frequently Asked Questions about SOL
What is the current sentiment for SOL?
The short-term sentiment for SOL is currently Bearish because Price is trading below the 20-day SMA and testing the lower Bollinger Band, accompanied by a bearish MACD crossover and declining RSI.. The long-term trend is classified as Bearish.
What are the key support levels for SOL?
StockDips.AI has identified key support levels for SOL at $125.95 and $119.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is SOL in a significant dip or a Value Dip right now?
SOL has a Value Score of 79/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.