Solana shows early-year strength with rising price action, while heavy short liquidations highlight growing pressure on bearish traders.
Solana (SOL) starts the new year with strong upward momentum, currently trading at $128 after a 3.0% gain in the past 24 hours.
Over this period, SOL fluctuated between a low of $124.22 and a high of $128.47, closing near the peak of its intraday range, signaling bullish sentiment and active buying interest among traders. This upward movement reflects SOL’s ability to recover and capitalize on market optimism early in 2026.
Notably, over the past week, SOL has climbed 4.9%, while the 14-day performance shows a more modest 2.6% gain, indicating that the recent rally is part of a continuing recovery after a prior downtrend.
Key levels to watch include the 24-hour floor at $124.22, which serves as immediate support, while the intraday high of $128.47 acts as resistance. Maintaining above this support is crucial for sustaining the bullish trend. Can SOL hold on to support?
Can SOL Defend Support?
Solana is attempting to stabilize after a steep corrective phase, but technical signals suggest the recovery remains fragile. The Supertrend indicator is still firmly bearish, with overhead resistance near $141.5, highlighting where sellers continue to regain control. Price action shows SOL reclaiming ground from recent lows, yet it remains capped below a cluster of Fibonacci retracement levels.
Solana PredictionOn the downside, the $124–$127 zone stands out as immediate support, aligning with key retracement levels. A failure to hold this area could expose Solana to a deeper pullback toward the $116 region, which marks a major swing low.
On the upside, resistance rests near $131, then higher around $141.5 and $146. A decisive break above these zones would be necessary to confirm a broader bullish reversal, while rejection keeps SOL range-bound with downside risks still in play.
Solana Liquidation Data
Elsewhere, Solana’s liquidation data reinforces the idea that recent price action has put significant pressure on short sellers, especially on higher timeframes. In the past hour, total liquidations reached $93.42K, with shorts accounting for $68.57K, compared to $24.85K in long liquidations.
Solana LiquidationThe trend becomes more pronounced over longer periods. The 4-hour window recorded $7.40M in liquidations, almost entirely from shorts. Over 12 hours, short liquidations hit $9.44M versus $823K in longs, while the 24-hour data shows $10.02M in shorts liquidated compared to $1.86M in longs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana-Backed Super PAC Plans $8M to Support Jon Husted in Ohio Senate Race
The Sentinel Action Fund, supported by the Solana Foundation, will invest $8 million to aid Republican Senator Jon Husted in the Ohio Senate race against Sherrod Brown, who opposes crypto. Husted is known for advocating pro-crypto legislation.
GateNews5h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 15
Gate News message, according to the April 15 update, Bitcoin ETFs recorded a single-day net inflow of 4,566 BTC (approximately $337.41 million) and a 7-day net inflow of 6,753 BTC (approximately $499.04 million). Ethereum ETFs saw a single-day net inflow of 23,405 ETH (approximately $54.37 million)
GateNews20h ago
Y Combinator USDC investment on Solana
Y Combinator has completed its first venture capital investment paid entirely in stablecoins, settling $500,000 in USDC on the Solana blockchain for prediction-markets startup Totalis. The transaction, reported on April 13, 2026, marks a concrete shift in how the world’s most influential startup
CoincuInsights04-15 09:07
Circle Mints 750M USDC on Solana in Past 24 Hours
Gate News message, April 15 — Stablecoin issuer Circle minted 750 million USDC on the Solana blockchain in the past 24 hours.
GateNews04-15 05:48
Fed Chair Nominee Kevin Warsh Discloses Investments in Solana, Optimism, and Compound
Kevin Warsh, nominated for Federal Reserve Chair, has disclosed investments in various crypto projects including Solana and Compound. Experts believe he likely invested indirectly through digital asset-focused funds ahead of his confirmation hearing.
GateNews04-15 05:23
Gate’s “Crazy Wednesday” is live with a hot launch. Complete tasks to win XRP and Glenfiddich whisky. For USDT savings, earn up to 100% APY. For BTC/ETH/SOL staking, earn up to 16% mining APY.
Gate News message, according to Gate’s official announcement on April 15, 2026
Gate launches a “Crazy Wednesday” campaign, running from April 15, 2026 at 14:00 to April 19, 2026 at 16:00 (UTC+8). Users complete multiple tasks to unlock mystery boxes, with a chance to win XRP tokens and Glenfiddich whisky. The mystery box tasks include multiple categories such as flash swaps, spot, and futures trading, as well as top-ups, invitations, and VIP upgrades, and each tier corresponds to a different number of mystery box openings.
Campaign Two launches a USDT wealth-management product, with a 14-day fixed-term annualized yield of 6%. New users can also participate in a 3-day product offering 100% annualized yield. In addition, Yu’e Bao also offers multi-currency wealth-management options such as USAT, USDD, 0G, and APT, with annualized returns of up to 300%. Campaign Three introduces a boosted rewards policy for staking users, offering up to a 16% annualized return for staking BTC, ETH, and SOL; for SOL staking, staking 0–1 coins can yield up to 16% annualized.
GateAnnouncement04-15 04:27
