Solana (SOL) appears to have found support around $100 across multiple timeframes, a setup that could enable a longer-term recovery toward roughly $260.
Key takeaways:
– SOL’s rebound from weekly support near $100 suggests a potential recovery to about $260.
– Onchain demand is rising, with record total value locked (TVL) and elevated network activity.
SOL must clear multiple resistances before $260
On the four-hour chart, SOL shows a possible V-shaped recovery after a roughly 25% drop from a recent $127 high that found buyers near $100. The four-hour relative strength index (RSI) climbed to 36 from an oversold 18, signaling short-term upside momentum. The daily RSI sits near 29, a historically oversold level that has coincided with previous bottoms and rebounds.
Bulls face supply zones on the way up: $113–$115 where trendlines converge, then $125–$130 near the 50-day EMA and 50-day SMA. Clearing those could open a move to the pattern’s neckline around the $150 area — about a 44% rise from current prices. On the weekly chart, strong support is visible at $95–$100. The last rebound off this band produced a 166% rally from $95 to $250 between April and September 2025. If a similar recovery unfolds, SOL could extend higher toward $260, roughly 150% above current levels.
Longer-term moving averages may slow progress: the 50-week moving averages sit between $140–$160 and have previously acted as resistance. Trader Tardigrade noted that a rebound from the lower boundary of a descending channel could push SOL toward the channel’s upper boundary near $215. Cointelegraph has also reported that reclaiming the 20-day EMA at about $106 as support could lead SOL to the $120–$150 range.
TVL and network activity rise
Solana’s DApp metrics strengthened in mid-January. Total value locked on the network reached a record 73.4 million SOL (about $7.5 billion at current rates), an 18% increase week-over-week. The last comparable TVL peak was in June 2022 at 68.3 million SOL, a period that preceded large price gains.
Daily transaction count hit a two-year high of 109.5 million on Monday. Daily DEX volume reached an eight-month high of 51.3 million SOL, and weekly DEX volume hit a 12-month high of 264.8 million SOL for the most recent week. Daily active addresses rose about 115% during the second half of January, a trend that has historically been bullish for SOL.
This combination of onchain demand metrics and technical support around $100 underpins the view that $100 may be a local bottom, though SOL must overcome several resistance layers to resume a sustained uptrend.
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