#Solana SOL Price News Today 16-1-2026 - Elliott Wave and technical analysis of #SOL, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 16, 2026, Solana (SOL) is trading at approximately $142.02, reflecting a downward correction of about 1.18% in the last 24 hours. After a volatile week where it tested resistance near $150, the price has slipped back toward a key support zone between $140 and $141.
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Daily Technical Analysis
--Correction Phase: SOL failed to maintain momentum above $146 and is currently trading below the 100-hourly simple moving average.
--Support Levels: Immediate support is being defended at $141. A break below $140 could trigger further losses toward the $134–$136 area.
--Resistance Levels: On the upside, SOL faces immediate hurdles at $144 and $146. A decisive move above the $149–$150 resistance zone is needed to retest higher targets in the $160 range.
Latest News & Catalysts
--Institutional Inflows: A Solana Spot ETF recorded significant inflows on January 13, contributing to an overall 18% value increase since mid-December 2025.
--Network Developments: The upcoming "Alpenglow" mainnet upgrade and the growth of the Block Assembly Marketplace are cited as primary catalysts for network adoption in early 2026.
--Yield Opportunities: Market reports highlight an increasing number of yield-generating options within the Solana ecosystem, which continues to attract developer interest.
--Regulatory Watch: Broader market volatility is currently influenced by US regulatory concerns, impacting large-cap assets including Bitcoin and Solana.
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