#Solana SOL Price News Today 8-1-2026 - Elliott Wave and technical analysis of Solana (SOL), focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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The price of Solana (SOL) is approximately $134.04 USD as of late afternoon on January 8, 2026, experiencing a slight decrease of around 1.40% over the last 24 hours. The cryptocurrency has shown positive momentum in early 2026, holding above key support levels
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Recent Trends and News
-Price Movement & Momentum: SOL has seen an overall upward trend since the start of January 2026 but is currently facing resistance around the $140 to $147 marks. The price has found support near $130, which analysts are watching closely.
-Ecosystem Growth: The Solana network continues to see significant growth, with the stablecoin market cap hitting a record high of $15 billion and the network being used for real-world asset (RWA) tokenization and institutional financial operations.
-Major Upgrades & News:
---The Firedancer validator client upgrade is live on the mainnet, aiming to increase network resilience and transaction processing capabilities.
---The SKR token launch is confirmed for January 21, with a major airdrop planned for eligible users of the Seeker phone, which is expected to boost ecosystem engagement.
---Solana's Alpenglow upgrade is expected to cut transaction finality time significantly in the first half of 2026.
-Institutional Interest & Risks: The approval of spot Solana ETFs in late 2025 has brought institutional legitimacy and capital inflows. However, a class-action lawsuit naming key Solana entities as defendants poses a risk factor for investors.
-Analyst Outlook: While some analysts predict short-term turbulence, the long-term outlook remains positive, with some price predictions for the end of 2026 averaging around $155.83 or higher, driven by fundamental growth and adoption.
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