A year after reaching its all-time high (ATH), Solana (SOL) is trading 54.3% 
below its $293 2025 milestone, attempting to hold a crucial zone as support. 
Some analysts warned that the altcoin could risk a deeper correction if the 
price fails to recover the recently lost ground. Related Reading: Ethereum’s 
4-Hour Chart Says A Big Dump Is Coming, Here’s The Target Solana Breaks Below 
Key Support On Sunday, Solana recorded an 8% pullback and hit a two-week low 
of $130. Since losing the $200 phycological barrier in late October, the 
cryptocurrency has struggled to hold bullish momentum, hovering between the 
$115-$145 levels over the past three months. The start-of-the-year rally saw 
SOL break out of its multi-month downtrend, reclaim the upper zone of its 
local range, and briefly breach above the key $145 resistance last week. 
However, Sunday’s market pullback has sent Solana back below key areas. Amid 
this performance, market observer BitGuru affirmed in an X analysis that the 
cryptocurrency “just swept liquidity into a strong demand zone after a clean 
structure breakdown.” He explained that the price is attempting to rebound 
from its local support area, which could trigger a “sharp relief move toward 
previous highs” if the price can hold the current levels. Meanwhile, analyst 
Man of Bitcoin noted that the altcoin’s price broke below its two-week 
ascending trendline, which had been supporting its 17% surge from its yearly 
opening. Moreover, it also dropped below the $136 mark, where the price had 
consistently bounced after the recent breakout. The market observer pointed 
out that Solana’s short-term support sits between the $129-$136 area, adding 
that a breach and sustained breakdown from this area would spell trouble for 
the cryptocurrency. According to the chart, if selling pressure persists and 
Solana fails to reclaim the recently lost ground, the price could see a 
scenario where it retraces deeper and potentially falls up to 25% to challenge 
the $100 area. Analysts Warn Of Head And Shoulder Pattern Other market 
watchers highlighted a macro pattern on Solana’s chart, suggesting that a 
breakdown to new lows could be coming. Notably, the altcoin displays a two- 
year Head and Shoulders formation in the weekly timeframe. According to the 
chart, this bearish pattern has been forming since 2024, with the left 
shoulder developing during the Q1-Q2 2024 rally and the neckline sitting 
around the $120 area. Meanwhile, the pattern’s head formed during its late 
2024 and early 2025 bullish run, which led to its ATH of $293 a year ago. 
Lastly, the right shoulder developed after the Q3 2025 rally and Q4 
correction. Based on this performance, trader Slashology affirmed that Solana 
is “really looking bad here,” warning that investors should “prepare for the 
worst” as the price trades near the pattern’s neckline. He forecasted that a 
breakdown from this key level could lead to a 35%-40% “bloodbath” toward the 
$75-$80 levels. On the contrary, market observer Crypto Curb suggested a 
different outcome could be possible. Related Reading: XRP To Repeat Its 2017 
Playbook? Analyst Forecasts 1,250% Expansion In an X post, he compared SOL’s 
recent performance to the S&amp;P 500 (SPX) price action between 2009 and 2011. 
Per the post, SPX displayed the same pattern as Solana, but ultimately 
invalidated the pattern after bouncing from the neckline and breaking above 
the right shoulder’s peak, eventually reaching new highs. To the analyst, the 
altcoin could display a similar performance if it rebounds from the current 
levels and starts to climb higher. As of this writing, Solana is trading at 
$134, a 5.6% decline in the daily timeframe. Featured Image from Unsplash.com, 
Chart from TradingView.com

Solana At Risk Of Breakdown After Key Rejection – Is $100 Next?

Cryptoquant found that large custody wallets accumulated $53 billion in 
Bitcoin over 12 months, suggesting that institutional demand for Bitcoin 
hasn’t gone away.

Bitcoin institutional demand remains strong: Cryptoquant

Blockspace Media buys Bitcoin Layers to integrate L2 metrics into a new 
dashboard and data suite. Blockspace Media announced in New York on January 
19, 2026 that it has acquired Bitcoin Layers, an independent provider of 
Bitcoin layer 2 ( L2) ecosystem metrics, and will integrate its data into 
Blockspace’s content and a forthcoming dashboard […]

Blockspace Media Acquires Bitcoin Layers to Expand Bitcoin Data Products

As Ethereum (ETH) kicks off the year with a recovery past the critical $3,000 
threshold amid a broader cryptocurrency market rally in early 2026, it 
continues to struggle against a key resistance level at $3,400. Currently, the 
second-largest cryptocurrency is entering a consolidation phase below this 
significant mark. Technical analyst Ali Martinez has suggested that should the 
buying momentum observed in recent weeks persist, Ethereum could soon embark 
on a new rally that might bring it closer to reaching all-time high levels. 
Ethereum Poised For Potential Price Breakout In a recent update shared on 
social media platform X (formerly Twitter), Martinez pointed to on-chain 
indicators suggesting a fresh bullish sentiment among Ethereum investors. 
Notably, daily active addresses on the Ethereum network have surged, doubling 
to exceed 800,000 in just two weeks. Related Reading: XRP Price Could Surge 
Another 30% If This Trend Is Confirmed Martinez&#8217;s analysis further hints at a 
potential correlation with the rising demand for Ethereum exchange-traded 
funds (ETFs). Since December 29, these investment vehicles have accumulated 
approximately 158,545 ETH, a sum valued at around $520 million, adding to the 
positive outlook for the altcoin. This heightened on-chain activity has 
created substantial support levels for Ethereum’s price action looking ahead, 
particularly between $2,772 and $3,109 that could prevent a new drop below 
these key marks. Martinez believes that if these support levels remain intact 
and buying pressure continues, a breakout above the crucial $3,400 resistance 
could pave the way for a significant rally toward $4,000—representing an 
increase of approximately 24.33% from its current trading level of around 
$3,217. What Lies Ahead For The Altcoin? Other analysts, such as those from 
BitBull, share an optimistic view of ETH&#8217;s price trajectory. The analyst has 
identified a potential inverse head and shoulders pattern forming in the 
10-day chart, which could lead to a bullish price target of $5,000. This 
projection implies a remarkable 55.48% increase, exceeding last year’s record 
highs. However, despite these bullish forecasts, Ethereum’s price has fallen 
by 3% within a 24-hour period, according to CoinGecko data. The cryptocurrency 
has yet to demonstrate the bullish momentum necessary to meet these targets. 
Related Reading: Bitcoin Bulls Fired Up As Saylor Teases ‘Bigger Orange’ After 
Huge Buy Another encouraging factor for investors looking for upward price 
movement is liquidity. Market expert Ted Pillows recently noted that, 
following Ethereum’s latest price drop, the maximum pain point appears to lean 
upward. Historically, large investors and institutions have tended to “hunt” 
liquidity levels, which helps to reset positioning in the market and evacuate 
numerous retail investors. With approximately $3.4 billion in short positions 
at risk if Ethereum successfully breaches the $3,400 mark in the days ahead, 
the possibility of a significant price movement looms. Featured image from 
DALL-E, chart from TradingView.com

Ethereum Poised For $4,000 Breakout? Expert Pinpoints On-Chain Triggers For Potential Rally

Pendle will begin to slowly phase out its governance token vePENDLE and 
replace it with sPENDLE this month, offering a more flexible model it hopes 
will boost adoption.

Cryptocurrency price in DKK