Solana Technical Analysis Report 19 January, 2026
Given the strength of the resistance level 144.30 and the strongly bearish sentiment viewn across the cryptocurrency markets today, ETH cryptocurrency can be expected to fall further to the next key support level 120.00 (which stopped the previous correction (2)).
- Solana reversed from resistance zone
- Likely to fall to support level 120.00
Solana cryptocurrency recently reversed down from the resistance zone between the key resistance level 144.30 (former strong support from October, as can be viewn from the daily Solana chart below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from October. The downward reversal from this resistance zone stopped the previous short-term impulse wave 3, which is a part of the intermediate impulse wave (3) from the middle of December.
Given the strength of the resistance level 144.30 and the strongly bearish sentiment viewn across the cryptocurrency markets today, ETH cryptocurrency can be expected to fall further to the next key support level 120.00 (which stopped the previous correction (2)).
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