The crypto market opened 2026 with a strong bullish push, lifting Solana (SOL) above $143. However, the rally quickly met selling pressure, forcing the price back toward $135, where it is now consolidating just below $138.
This zone has proven critical in the past. During earlier attempts, failure to hold above this range triggered a sharp drop toward $125. As a result, the SOL price now finds itself at a key decision point. The next move—whether a breakout or another rejection—will likely define the short-term trend and determine whether bullish momentum can be sustained or fades once again.
Solana Active Address Rise Regardless of Choppy Price
On-chain data shows a sharp rise in activity on the Solana network. The number of daily active addresses has surged to new short-term highs, reflecting renewed user engagement as 2026 begins. This spike comes at a time when the SOL price is consolidating near a crucial resistance zone, making the data particularly important. Historically, rising network activity during price compression often precedes a decisive move, either confirming strength or setting up volatility.
The steady increase in active addresses suggests growing participation from users, traders, and applications on the Solana network. This typically points to improving on-chain demand rather than speculative price action alone. If this activity remains elevated, it could support price stability above key support levels and strengthen the case for a bullish breakout. However, if network activity cools while price remains capped, it may signal exhaustion, increasing the risk of a downside move.
Is SOL Price Heading for a Bullish Breakout?
Solana (SOL) is trading inside a critical consolidation zone after a strong rejection from higher levels. Price is holding near $135–$138, an area that has repeatedly acted as both support and resistance. The chart shows SOL stabilising after a prolonged decline, suggesting the market is entering a decisive phase. With price compression tightening and momentum indicators turning neutral-to-positive, traders are watching closely for confirmation of the next directional move.
Technically, SOL is forming a base above prior demand, while price attempts to reclaim the Ichimoku baseline. The cloud remains overhead, signalling resistance, but the RSI has risen above 50, indicating improving momentum. A sustained breakout above $140–$145 could open the path toward $155–$165. On the downside, failure to hold $132 may expose SOL to a pullback toward $125–$120. Volume expansion will be key to confirming either scenario.
Can SOL Break $150 This Month and Reach a New ATH in 2026?
For Solana to break $150 this month, the price must first secure acceptance above the $140–$145 resistance zone with strong volume. A clean daily close above this range would shift momentum decisively bullish and increase the probability of a quick push toward $150–$155.
A new all-time high in 2026 is possible, but it depends on sustained higher-high formation, continued network growth, and broader market strength. For now, SOL appears to be building a base rather than entering a full trend, making confirmation levels critical before expecting a larger rally.