Solana Aims for $167 as Strong Momentum Builds

⚡
KEY TAKEAWAYS

Solana has maintained strong momentum after defending the $125 support, now eying $140.
Analysts suggest that a sustained hold above $140 could open the path to higher price targets.
Strong fundamentals, including rising network usage, could be supporting momentum.

Many crypto assets have lost strength after the correction that hit the market last week, but some are still holding on. Solana is one of those still holding some strong momentum and is pushing towards a higher target with this momentum.

CrypoPulse in a post said the token has managed to defend and hold the $125 long enough and is now pushing towards $140. The rebound is driven by a strong momentum that has built up in previous months and weeks with Solana’s fundamentals.

📊 SOL Momentum Building 📊

SOL has been defending the 125 support zone and is now showing strength as it pushes toward 140 👀. If this breakout holds, we’re looking at buys with targets around 167. This is the kind of momentum setup we like to execute cleanly on BTCC as price… pic.twitter.com/pggYmBvA28

— CryptoPulse (@CryptoPulse_CRU) January 11, 2026

Buyers to Push Solana’s Price

After successfully holding above the $125 support and bouncing towards $140, Solana is close to breaking $140, which has also been a critical price point for the asset. If it succeeds in taking $140 and keeping it, the analysts see a move towards $167 as the next target, sustained mainly by buyers above $140.

Last week, this positive momentum of Solana’s was highlighted by analysts as it continues to hold safely above the Weekly 200 Moving Average (MA). They further mentioned its Stochastic Relative Strength Index (RSI) which was about to cross up, signalling a shift in favor of the bulls.

While this played out and SOL may have ridden the wave till now, the StochRSI has crossed downward, showing potential downward movement for the asset, so there’s need for caution. However, Solana’s fundamentals have been quite strong up to this point. Last year, it saw huge inflows after the launch of its ETFs, which could have built momentum for today.

At the same time, the number of users on the network has greatly increased, leading to huge on-chain revenue that surpassed Ethereum for the first time. This increase in number of users could also have significantly added to the strength of the network which has translated to momentum for the token.

Solana 7-day price chart. Source: Coingecko.com

How Solana is Doing Currently

Solana is currently the best performing asset among the top ten assets, with a 2.36% gain in the last 24 hours. The price is hovering over $140 with occasional drops to $139. The asset needs to establish above the $140 to begin its journey to $167.

If the momentum continues to hold, this journey could begin today but if not, there may be a reversal and some dips before another effort to go upward begins.