⚡ Solana ( $SOL ) at $140: Support Test Amid Meme Mania! 🚀
Solana is currently undergoing a healthy correction today, January 16, 2026, trading at $140.83 (-1.53%) after failing to break the $148 resistance earlier this week.
🔍 Key Market Insights
Chart Update (4H): $SOL has slipped below its MA(7) ($141.94) and MA(25) ($143.20). The critical "safety net" is the MA(99) at $136.82.
Meme Surge: Despite the price dip, meme coin activity now accounts for 50% of all Solana DEX volume, showing massive on-chain engagement.
ETF Momentum: Institutional interest remains high; Morgan Stanley recently filed for a spot Solana ETF, and the Bitwise SOL ETF recorded $20.9 million in daily inflows this week.
Airdrop Hype: The 1.8 billion SKR token airdrop for Solana Mobile users is officially underway, keeping ecosystem participants active.
🎯 Trade Setup: SOL/USDT
With the RSI cooling off, traders are looking for a "higher low" to form near the $140 psychological support.
🟢 Entry Zone: $137.50 – $140.50 (Buying near the MA 99 support floor)
🎯 Take Profit 1: $148.00 (Retest of the recent local high)
🎯 Take Profit 2: $155.00 (Next major technical resistance)
🛑 Stop Loss: $135.00 (Exit if the $136
support level fails)
Bottom Line: $SOL is in a "Buy the Dip" zone for long-term believers. As long as it holds above $136, the trend toward $160+ in Q1 2026 remains intact.
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