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Solana price trades at a critical inflection point, hovering above multi-month support as participants watch whether price can defend $110–$120 and reclaim the $Solana price trades at a critical inflection point, hovering above multi-month support as participants watch whether price can defend $110–$120 and reclaim the $

Solana Price Prediction: OBV Aligns With Key Technical Levels as SOL Eyes a $160 Recovery

Author: Brave Newcoin

Source: Brave Newcoin

2026/01/23 04:30

4 min read

Solana price has slipped back into the spotlight as price returns to a zone that has repeatedly defined its direction. After failing to hold above the mid-$140s, SOL is now hovering in the $120–$130 range, a level traders recognize as both a launchpad and a trap. With volume tightening and key supports back in play, market watchers are once again leaning on structure for guidance.

Solana Technical Analysis

The Brave New Coin chart shows Solana price is trading at $130 after a sharp rejection from the $150–$160 area. Price is no longer accelerating lower, but it is also failing to reclaim broken levels. This behavior typically appears when a market transitions from trend into range.

Solana current price is $130.04, up 2.28% in the last 24 hours. Source: Brave New Coin

The key supportive band sits between $120 to $110 region. This region has acted as a recurring demand pocket across multiple swings. Holding it keeps the price inside a recovery phase with potential towards $150 and $160. Losing it exposes a clear vacuum towards $100, where historical liquidity thins considerably.

From a technical standpoint, SOL is now compressed between:

Overhead resistance: $140–$145
Structural support: $110–$120

Until one of these boundaries breaks, the market remains range-bound with expanding risk.

Multi-Month Support in Focus

One of the clearest signals in the latest charts is the emphasis on this supportive base as non-negotiable. In a recent post, Crypto Mechanic described it as a multi-month level that “must not break,” highlighting how Solana price has repeatedly reacted here.

Solana is testing a multi-month support base marked as “must not break.” Source: Crypto Mechanic via X

This means price has only two paths from here. If the base holds, the broader structure remains intact and the market stays in recovery mode. If this base fails, downside is likely to accelerate as price moves into a thinner support zone.

OBV Signals a Decision Point

Famous crypto analyst IncomeSharks highlights that both price and OBV are moving inside a defined channel, with SOL compressing between the $120 support band and the $140 resistance zone. Momentum has tightened alongside structure, placing price in a technical standoff where neither side has control yet.

SOL’s price and OBV compress inside a shared channel, signaling a volume-driven inflection point that could decide the next major trend. Source: IncomeSharks via X

If OBV resolves upward, SOL gains the fuel for a structural recovery. If OBV rolls over, price is likely to follow, confirming a continuation towards lower support zones. This alignment between volume behavior and price structure makes the next move especially meaningful.

Whale Positioning Anchors the Lower Range

SolanaFloor’s image highlights a whale staking nearly 1 million SOL, locking over $127M until 2027. From a technical standpoint, this reduces the liquid supply near current levels.

A whale locks nearly 1 million SOL until 2027, reinforcing the $110–$130 zone as a base where long-term capital is committing. Source: SolanaFloor via X

This does not generate a breakout on its own. What it does is reinforce the $110–$130 zone as an area where longer-horizon capital is comfortable committing. In market structure terms, this behavior often appears near base formation rather than during distribution. It strengthens the technical relevance of the current range.

Final Thoughts: Level-Based Scenarios

Solana is now trading at a structural fork defined by the charts.

Bullish Scenario:

Hold above $110–$120 and reclaim $140. A successful flip of $140 into support opens the path towards $150–$160 and restores trend integrity.

Bearish Scenario:

Lose $110 on a closing basis. With limited structure beneath, price is likely to seek demand near $100.

This market is being guided by clear price levels rather than sentiment or narrative. The chart shows Solana price trapped inside a defined range, with $110 acting as the floor and $140 as the ceiling. Whichever of these levels breaks first will determine whether this phase becomes consolidation or continuation.

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Tags:

#DeFi #Whale #Launchpad