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SOL Price Prediction: Analyzing the Path to $138 and Beyond

SOL Price Prediction: Analyzing the Path to $138 and Beyond

Author:
SOL News
Published:
2026-01-29 11:41:42
19
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

#SOL

  • Technical Consolidation: SOL is currently trading below its 20-day moving average ($133.31), with key support at $116.44 (Bollinger Lower Band) and immediate resistance at $150.18 (Bollinger Upper Band). The MACD suggests bullish momentum is pausing.
  • Bullish Institutional Catalyst: WisdomTree's expansion of tokenized funds onto Solana provides a fundamental boost, enhancing institutional access and potentially driving long-term network demand and utility.
  • Critical Price Zone: The $118-$120 support area is under focus. Holding this level is technically crucial for maintaining the bullish structure and enabling a future move toward the $132-$138 resistance target.

SOL Price Prediction

Technical Analysis: SOL Shows Consolidation Below Key Moving Average

As of January 29, 2026, SOL is trading at $122.86, positioned below its 20-day moving average of $133.31. This suggests the asset is in a short-term corrective phase relative to its recent trend. The MACD indicator, with a value of 8.53 for the signal line and 2.91 for the MACD line, shows a positive but narrowing histogram at 5.62, indicating bullish momentum may be weakening. Price action is currently within the Bollinger Bands, with the middle band at $133.31 acting as resistance and the lower band at $116.44 providing potential support. 'The confluence of price below the 20-day MA and a tightening MACD suggests SOL is consolidating,' says BTCC financial analyst William. 'A decisive break above the $133 level could signal a resumption of the uptrend, while a hold above the $116 support is crucial for the bullish structure.'

SOLUSDT

Market Sentiment: Institutional Adoption Fuels Cautious Optimism

Recent headlines highlight a focus on key support levels around $118-$120 for SOL, coupled with significant developments in institutional access. News of WisdomTree expanding its tokenized funds onto the solana blockchain is a fundamental positive, potentially increasing network utility and demand. 'The $120 support zone is being tested amid a staking surge, which typically indicates long-term holder conviction,' notes BTCC financial analyst William. 'While charts hint at potential expansion, the immediate narrative is balanced between technical consolidation and strengthening institutional foundations. The WisdomTree move is a tangible step toward broader adoption, but price needs to reclaim higher technical levels to confirm a bullish breakout.' This creates a sentiment of cautious optimism, where positive fundamentals are tempered by near-term technical resistance.

Factors Influencing SOL's Price

Solana Price Forecast: $120 Support Zone in Focus Amid Staking Surge

Solana's market trajectory hinges on the $120–125 support zone as staking activity hits record highs. The network now has 425.7M SOL staked—a 68.9% participation rate—with liquid staking protocols capturing 15.64% of the total. This hybrid utility model is reinforcing demand while keeping tokens active in DeFi markets.

Futures open interest holds steady at $7.6B despite a 2.68% price dip to $122.94. Analysts note institutional inflows through platforms like Marinade Select, which absorbed 1.6M SOL this month. The rebound from $120 to $127 earlier this week coincided with a $3.9B volume spike, signaling latent bullish conviction.

Solana Price Prediction: SOL Holds $118 Base While Charts Hint at an Imminent Expansion

Solana's price action remains confined within a tight compression zone above critical support near $125–$130, leaving traders to weigh whether the market is consolidating for a rebound or bracing for another volatile swing. Brave New Coin data shows SOL trading at $126.85, marking a 2.22% intraday gain while sustaining its broader demand zone.

The daily chart reveals SOL adhering to a well-defined horizontal range since November, with the $118–$120 level repeatedly attracting buyers. Each test of this floor has sparked rebounds, reinforcing its significance as a demand zone. Yet, repeated retests risk eroding support strength. For now, the structure remains neutral as long as SOL holds above $118.

Analysts note growing liquidation pressure, signaling an impending volatility event. The market’s next move hinges on whether bulls can reclaim the mid-range or sellers force a breakdown. Solana’s ability to defend its current base will determine whether this compression resolves upward or triggers another leg lower.

Solana Eyes $132–$138 as WisdomTree Boosts Institutional Access

Solana (SOL) trades at $126.59, marking a 2.56% daily gain amid $3.96 billion in volume. The token remains range-bound between $120 and $150, reflecting market equilibrium. Analysts note a recent rejection at $141, followed by a 20% pullback to $117 before recovering to $128.

Resistance at $138–$150 persists, with $120–$121 acting as tentative support. Momentum indicators suggest waning buying pressure despite sideways price action. WisdomTree's institutional access expansion could catalyze a breakout.

WisdomTree Expands Tokenized Funds to Solana in Multi-Chain Strategy

WisdomTree has extended its tokenized funds to the Solana network, marking a significant step in its multi-chain strategy. The asset manager's full suite of on-chain products, including money markets, equities, fixed income, alternatives, and asset allocation funds, is now accessible on Solana. This move leverages Solana's high-speed architecture to meet growing demand for regulated on-chain financial instruments.

The expansion includes a conversion service allowing users to swap between USDC and PYUSD on Solana. Meredith Hannon, WisdomTree's Head of Digital Assets Business Development, emphasized the alignment with the company's commitment to regulated real-world assets. The integration also enables self-custody wallet support for these funds.

SOL Price Predictions: 2026, 2030, 2035, 2040 Forecasts

Based on the provided technical data as of January 2026 and the prevailing market sentiment, here is a forward-looking analysis. It is crucial to understand that long-term cryptocurrency forecasts are inherently speculative and should be treated as exploratory scenarios, not financial advice.

The current technical setup shows SOL consolidating below its 20-day Moving Average. A breakout above the $133-$138 resistance zone in 2026 could pave the way for a new upward cycle, contingent on broader crypto market conditions and continued adoption. Looking further out, Solana's scalability and growing institutional footprint, as evidenced by partners like WisdomTree, could support significant long-term valuation growth if the network maintains its technological edge and market share.

YearPrediction Scenario & Key Drivers
2026Near-term trajectory hinges on breaking the $133-138 resistance. Success could target higher highs, while failure may lead to retesting $116 support. Institutional product growth is a key watch factor.
2030Wider blockchain adoption and Solana's execution on scalability could position it as a top-tier smart contract platform. Price would reflect network usage, developer activity, and total value locked.
2035Potential maturity phase. Valuation will depend heavily on Solana's real-world utility, regulatory landscape for digital assets, and its competitive standing against other Layer 1 and emerging technologies.
2040A highly speculative outlook. Price would be a function of the global cryptocurrency market capitalization, Solana's role within the digital economy, and technological evolution beyond current paradigms.

'These forecasts are frameworks for thinking about potential growth vectors,' says BTCC financial analyst William. 'The 2026 level is informed by current chart structure, while later dates require assumptions about mass adoption, which remains uncertain. Always prioritize risk management over long-range price speculation.'

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