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Solana (SOL) remains under pressure near key support levels as bearish momentum persists while WisdomTree’s move meets market pressure. With institutions accumulating and network activity staying strong, could SOL be closer to a turning point than the price suggests?
SOL Key Statistics
- Current Price: $117
- Market Cap: $66 billion
- Trading Volume (24h): $5.40 billion
- Circulating Supply: 566 mllion SOL
- Total Supply: 618 million SOL
- CoinMarketCap Ranking: #7
Solana’s price has retreated significantly, falling 21.72% from its 30-day high and 11.11% from its weekly peak. Current trading shows the asset struggling to gain momentum, sitting just 0.42% above its recent monthly and weekly lows. This narrow recovery margin highlights a persistent bearish trend as SOL remains pinned near its support floor.
SOL/USD Market
Key Levels
- Support levels: $114, $111, $108
- Resistance levels: $122, $130, $140
The SOLUSD daily chart depicts a corrective pullback from late 2025 highs near $150 after a strong rally phase, with price declining to a January 2026 low of $111.79 before a modest bounce, currently trading at $117.29 (07:38 UTC) with minor daily downside. The Parabolic SAR dots remain positioned above the candles, confirming ongoing bearish trend control, while the MACD histogram stays negative at -1.70 with the MACD line below the signal line, indicating persistent downward momentum despite some contraction in the bars that hints at potential seller exhaustion in the near term.
If SOLUSD holds above key support at $114 and reverses with bullish confirmation from MACD crossing above zero, it could target resistance at $122 initially, followed by $130 and potentially $140 on renewed buying strength. However, if price fails to maintain momentum and breaks below $111.79, it is likely to retest lower supports at $111 and then $108, accelerating the bearish move toward deeper corrections as long as SAR stays above price and MACD remains negative; resistances are identified at $122, $130, and $140, with supports at $114, $111, and $108.
SOL/BTC Consolidating with Early Bullish Momentum Hints
SOL/BTC on the daily chart is trading at 0.0014063 (+0.76%), showing signs of short-term strength as it rebounds from recent lows near 0.00136 and attempts to challenge overhead resistance. The Parabolic SAR (0.02, 0.02, 0.2) has flipped below price around 0.0014198, confirming a bullish shift and providing dynamic support, while price has formed a higher low structure since the December/January bottom.
MACD remains in negative territory at approximately -0.00000053 but displays a bullish crossover with the histogram producing small positive bars, indicating decelerating bearish pressure and emerging buying interest after months of consolidation following the sharp drop from October 2025 highs near 0.00215.
WisdomTree’s Move Meets Market Pressure
WisdomTree, a major global asset manager, has expanded its tokenized fund infrastructure—managing around $159 billion in assets—to the Solana blockchain as part of its multi-chain strategy. According to recent X report, this allows regulated money market funds, including the Government (now Treasury) Money Market Digital Fund with approximately $730 million in on-chain assets, to settle natively on Solana.
⚡️ ADOPTION: WisdomTree Just Deployed $159B Fund Infrastructure On Solana
Regulated money market funds now settling natively on Solana. Institutional cashflow assets no longer require traditional banking rails.
• Government Money Market Digital Fund holds $730M in onchain… pic.twitter.com/eIx51aa4sH
— Generation Infinity (@Genfinity) January 28, 2026
The development enables both institutional and retail investors to mint, trade, and hold these Treasury-backed products directly on-chain, bypassing traditional banking rails and correspondent banks that previously involved multi-day settlements.
Is Solana Being Quietly Accumulated Despite Regulatory Delays?
Solana is flashing contrasting signals, with ETF inflows of $9 million and notable whale accumulation emerging even as regulatory uncertainty weighs on sentiment. Institutional investors appear to view sub-$120 SOL as undervalued, supported by robust network activity that saw 765 million transactions processed in January and over 4.13 million SOL moved off exchanges since December.
Solana Price Analysis – More Technical Insights
On the other hand, the SEC’s decision to delay Fidelity’s spot SOL ETF until July 2026 keeps Solana’s U.S. outlook uncertain, tempering broader adoption despite Hong Kong’s approval adding limited liquidity. With smart money positioning early and regulation dragging its feet, could Solana be setting the stage for a stronger rebound once clarity finally arrives?
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