Solana price prediction: SOL rebounds to $140.5 but remains trapped inside eight-day range

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SOL rebounds from 100 EMA

Highlights

Solana rebounds from $138 but remains locked inside eight-day consolidation
Gravestone Doji pattern highlights hesitation as crypto outflows weigh on broader sentiment
Rising open interest and funding hint at a breakout despite fragile short-term structure

Despite the positive move, price action continues to be trapped within a consolidation phase that started on January 5. This makes today the eighth consecutive trading session where Solana has oscillated between a $134 support base and a $144 resistance ceiling. Monday’s session saw price challenge the upper boundary, but that attempt was rejected and ended in a bearish close that printed a Gravestone Doji candlestick on the daily chart.

Solana price chart (Jan 2026). Source: TradingView

A Gravestone Doji is a single-candle reversal pattern often observed at the top of an uptrend. It reflects failed buying pressure and signals the potential for bearish sentiment to creep in. In Solana’s case, the long upper wick and lack of follow-through confirm hesitation near $144, turning that level into a short-term inflection point.

Crypto ETP outflows linked to Fed rate expectations add pressure to Solana pullback

That pullback came in the context of last week’s broader crypto market outflows. Data shows that $454 million exited crypto ETPs, largely driven by cooling expectations for a near-term rate cut by the Federal Reserve. Bitcoin-linked products accounted for $405 million of that, and although Solana funds attracted $33 million in inflows, the broad sentiment shift later weighed on Solana’s price.

Despite the market-wide pullback, Solana derivatives data have firmed. The long-to-short ratio climbed on Monday, while the funding rate jumped from neutral to 0.007. In addition, open interest has steadily increased over the course of the eight-day consolidation, rising from $3.2 billion to $3.8 billion. This pattern of rising open interest during flat price action suggests positioning is building for a breakout.

Break above $144 may open a path toward $150 and revive the January rally

If Solana pushes through the $144 resistance in the coming session, the price could stretch toward $150 as markets attempt to revive the broader January rally. A clean breakout above this level would indicate that the eight-day consolidation was simply a pause, not a reversal. Such a move would also negate the bearish tone set by Monday’s Gravestone Doji and reinforce the $134 to $144 range as a technical base for higher targets.

On the other hand, if Solana fails to hold today’s early session gains and breaks below the 50-day EMA near $137, short-term sentiment may shift. That scenario opens the door for a retest of the $134 base of the consolidation. A decisive break below that lower boundary would turn the structure bearish and suggest that market participants are pulling liquidity from high-beta assets.

In recent analysis, we discussed how Solana consolidated between $134 and $144 as the December supply zone capped breakout attempts. The long-to-short ratio fell to 2.6 while open interest built, showing traders positioned for a breakout or breakdown.

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