Why did SOLUSD drop 1.76% today?

Solana USD declined due to profit-taking after early-year gains and consolidation near resistance levels. Volume below 30-day averages suggests reduced conviction, though the technical trend remains strong with ADX at 29.74 indicating directional strength.

What is the SOLUSD price forecast for 2026?

Monthly target: $162.32 (17.7% gain). Quarterly: $213.60 (54.8% gain). Yearly: $177.14 (28.4% gain). These forecasts assume continued institutional inflows and successful technical breakouts above $140 resistance.

What do technical indicators show for Solana?

RSI at 52.75 shows neutral momentum. MACD at -1.61 with histogram at 2.90 indicates early bullish divergence. ADX at 29.74 confirms strong trend. Price trades between 50-day ($131.43) and 200-day ($172.85) moving averages.

Is SOLUSD oversold or overbought?

Neither. RSI at 52.75 sits in neutral territory, indicating balanced conditions. The Money Flow Index at 76.44 suggests strong buying pressure, but not extreme overbought levels that would signal imminent reversal.

What support and resistance matter most?

Key support: $131.43 (50-day MA) and $115.68 (lower Bollinger Band). Resistance: $140-142 zone and $172.85 (200-day MA). Breaking above $145 opens path toward $160-165 targets identified in forecasts.

Crypto Insights

SOLUSD Falls 1.76% as Solana Faces Resistance Near $140

ByDanny Kontos January 8, 2026January 8, 2026

Solana USD (SOLUSD) is trading at $137.90 as of January 8, 2026, down 1.76% in the last 24 hours. The cryptocurrency faces near-term resistance while maintaining a strong technical trend with an ADX reading of 29.74. Market data shows trading volume at 5.2 billion, slightly below the 30-day average. Recent capital flows suggest Solana is attracting significant institutional interest, with year-to-date inflows up 1000% compared to Bitcoin’s declining flows. Understanding why SOLUSD is trading at current levels requires examining both technical signals and broader market sentiment shifts.