Solana (SOL) is showing promising signs of a potential bullish trend reversal, attracting attention from investors and analysts. Recent analysis of SOL's chart patterns suggests a "masterpiece" setup that could propel its price toward $190.
Current Market Position
As of January 13, 2026, Solana's price is around $143.58, reflecting a 0.87% increase over the past 24 hours. Over the last week, SOL has risen by 1.72%, and its monthly performance indicates a 5.33% increase. However, looking at the past year, Solana has decreased by -23.79%. Currently, Solana holds the #6 position in popularity among cryptocurrencies. Solana's current market capitalization is approximately $81.15 billion. The circulating supply is around 565.20 million SOL. Trading volume over the last 24 hours is $5.55 billion.
Technical Analysis and Bullish Indicators
Technical analysis reveals a neutral-to-slightly bullish structure for Solana, stabilizing above its short-term moving averages. On the four-hour chart, SOL appears bullish, with the 50-day moving average rising, indicating a strong short-term trend. The 200-day moving average has been rising since January 9, 2026, signaling a strong longer-term trend.
However, on the daily chart, Solana is bearish, while the weekly timeframe also suggests a bearish outlook. These mixed signals suggest potential volatility in the near term.
Price Predictions and Expert Opinions
Various analysts offer differing predictions for Solana's price in the near future. One algorithm-based prediction forecasts a price of $156.48 by February 10, 2026, and $163.79 by July 10, 2026. Another prediction estimates SOL will trade in the $140-$165 range by January 31, 2026.
Looking further ahead, predictions for 2026 vary. One source anticipates Solana to trade between $260 and $320. Another predicts a range of $142.14 to $177.62. The Motley Fool predicts Solana will reach or exceed $200 by the end of 2026. Binance's forecast for March 2026 estimates a range of $137.88 to $207.58, with an average of $172.73.
Factors Influencing Solana's Price
Several factors could influence Solana's price, including:
- Market Recovery: Solana's performance is closely tied to the broader crypto market recovery and overall market sentiment.
- Ecosystem Growth: Continued growth in Solana-based applications, particularly in DeFi and NFTs, could drive demand for SOL.
- Blockchain Upgrades: Ongoing upgrades to Solana's blockchain infrastructure, such as the Alpenglow upgrade aimed at reducing transaction finality, could improve its performance and attract more users.
- Adoption: Increased adoption of Solana crypto apps could positively impact SOL's price.
- Regulation: Changes in global regulatory environments could also affect Solana's price.
Potential Risks
Despite the bullish signals, potential risks remain. A lawsuit against Solana could take a long time to conclude. Declining network activity and reduced user engagement, as indicated by a decrease in Total Value Locked (TVL), could also negatively impact the price. Solana ETFs experienced a record outflow of $13.55 million, indicating a shift in investor sentiment.
Conclusion
Solana's chart patterns suggest a potential move towards $190. Technical indicators point to a mixed outlook, while expert predictions for 2026 vary widely. Investors should consider the potential risks and monitor market conditions closely.
