$SOL Solana faces a short-term consolidation

Solana (SOL) has had a bullish week, rising from $134.87 on January 5 to a high near $143.47 on January 6, then stabilizing around $142.57. The price action reflects a healthy consolidation following recent institutional inflows and developments related to ETFs. SOL is trading above the key support at $135 and the 100-hour Simple Moving Average, indicating that short-term buying interest remains intact.

Technical summary

SOLUSDT

Perp

84.3

+0.48%