• Solana is currently trading at $136.39 but above major weekly trendline support at $135.23, which renders Solana near-term technically stable.
• The presence of resistance at $139.90 limits the upward movement, whereas the narrowing of the price gap around the trendline reflects low momentum and range bound trading.
• A confirmed break below the weekly trendline could open a significant downside toward $50, emphasizing the trendline’s structural importance.

Solana’s weekly chart continues to draw attention as price action compresses around a long-standing ascending trendline. Notably, this structure has guided SOL’s movement since early 2024. Current pricing behavior now places that trendline at the center of near-term market focus. As trading enters 2026 territory on the chart, price interaction with this level has intensified, creating a clearly defined technical moment.

Solana was currently trading at $136.39, which represents a 1.6% decrease every day. The asset also records a -0.001504 BTC value which represents a 2.0 percent decrease against Bitcoin. These indicators contextualize the current market setup with price being closely fixed around technical levels.

SOL Price Holds Above Key Weekly Trendline

It is worth noting that, SOL is still trading marginally higher than its support of $135.23, and this is precise to the trend of the growing weekly trendline. This area has acted as a structural floor during recent pullbacks. However, the margin above support remains narrow, keeping price sensitivity elevated.

Meanwhile, the 24-hour range highlights constrained movement, with resistance defined at $139.90. Price has yet to establish sustained acceptance above this level. As a result, the market remains positioned between short-term resistance and longer-term structural support.

This positioning matters because the trendline has previously supported higher price continuation. However, current interaction suggests reduced momentum compared to earlier phases. As price compresses, the technical boundary continues to shape market behavior.

Weekly Chart Structure Defines Downside Risk

According to the weekly chart, a confirmed break below the trendline would alter the existing structure. The chart outlines a projected downside path extending toward $50. This level appears marked as a potential destination following trendline failure.

Importantly, the chart does not indicate intermediate support zones between current price and that level. This gap emphasizes the trendline’s role as a structural divider. Therefore, continued trading near this line maintains the current framework. As price remains above support, the broader structure stays intact. However, any sustained weekly close below this trendline would redefine the market’s technical state.

Market Positioning Remains Technically Defined

Currently, SOL’s price sits within a clearly defined technical range. Support at $135.23 continues to anchor near-term price action. Resistance at $139.90 caps upside movement within the current session range. Meanwhile, the 1.6% daily decline reflects mild pressure rather than accelerated selling. Similarly, the 2.0% BTC-pair drop shows relative underperformance without structural breakdown. As these elements converge, the weekly trendline remains the dominant reference point. Price behavior around this level continues to dictate the market’s immediate technical narrative.