Technical analysis by OnchainNewsBlog about Symbol SOL on 1/3/2026

I was initially leaning toward SOL pushing lower within the broader descending channel, especially with price continuing to respect the downtrend structure and failing to reclaim prior resistance. The expectation was for another sweep toward lower channel support before any meaningful bounce. However, price action is starting to shift. Instead of continuation lower, SOL is showing responsive buying around the $125 area and is now pushing higher, breaking the short-term pattern of lower highs. This move looks more impulsive than the prior bounces, which suggests demand is stepping in earlier than expected. The $125–130 zone is acting as an important pivot. Holding above this area keeps the door open for a larger relief move. If this push sustains, the next area to watch is the mid-channel and then the $160–180 region, which lines up with prior consolidation and resistance. While the higher timeframe downtrend has not been fully invalidated yet, this pump shifts the short-term bias from expecting downside continuation to respecting the possibility of a deeper corrective rally. I’m adjusting with price and watching to see if this move can build acceptance above support rather than fade immediately. This is a good reminder that strong trends can end with a whimper, not a final flush, and price strength should be respected when it shows up.