The post Solana’s momentum accelerates – Is SOL’s $145 ceiling about to break? appeared on BitcoinEthereumNews.com.

Solana’s push toward $145 comes with a clear shift in market mood. Crowd and smart money sentiment both lean bullish, reinforcing confidence behind the rally.  However, on-chain data tells a more cautious story. New weekly wallets have dropped sharply from 30.2 million in November to just 7.3 million recently.  That divergence matters. Price momentum often feeds on expanding participation, not contraction. Still, traders appear willing to front-run a breakout. Optimism dominates short-term positioning, even as underlying usage cools. This imbalance creates tension. Momentum traders see opportunity, while fundamentals trail behind.  Solana now sits at a critical point where sentiment drives price, but network growth must eventually follow to sustain strength. Breaking the channel changes the narrative Solana has broken out of a multi-month descending channel, altering its broader technical structure. The breakout signals a potential shift from corrective behavior to trend recovery.  Price traded near $140 at press time, with $145 acting as the immediate ceiling. Above that zone, momentum could open the path toward $150 and $170.  Importantly, the MACD supports this move. The indicator has flipped bullish, with rising histogram bars confirming strengthening upside momentum.  However, price still needs follow-through. A clean hold above former channel resistance would validate the reversal.  Otherwise, rejection risks pulling Solana back into consolidation. Therefore, this breakout places buyers in control, but only sustained pressure confirms the trend change. Source: TradingView Solana exchange outflows quietly support the rally Spot market data showed that netflows remained negative, signaling continued exchange withdrawals. At press time, netflows printed around -$1.53 million, while price hovered near $140.  That dynamic suggests reduced sell-side pressure. Tokens moving off exchanges often reflect holding behavior rather than distribution. However, the magnitude of outflows remains moderate, not aggressive.  This indicates steady support, not extreme accumulation. Therefore, the rally benefits from supply tightening without…

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Filed under: News - @ January 13, 2026 4:29 am