⥠Solana ( $SOL ) at $140: Support Test Amid Meme Mania! đ
âSolana 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.
âđ Key Market Insights
âChart 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.
âMeme Surge: Despite the price dip, meme coin activity now accounts for 50% of all Solana DEX volume, showing massive on-chain engagement.
âETF 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.
âAirdrop Hype: The 1.8 billion SKR token airdrop for Solana Mobile users is officially underway, keeping ecosystem participants active.
âđŻ Trade Setup: SOL/USDT
âWith the RSI cooling off, traders are looking for a "higher low" to form near the $140 psychological support.
âđą Entry Zone: $137.50 â $140.50 (Buying near the MA 99 support floor)
âđŻ Take Profit 1: $148.00 (Retest of the recent local high)
âđŻ Take Profit 2: $155.00 (Next major technical resistance)
âđ Stop Loss: $135.00 (Exit if the $136
support level fails)
âBottom 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.
â#SOL #Solana #CryptoNews #SolanaETF #MemeCoins #Write2Earn