Solana (SOL) is making waves again as the first week of 2026 kicks off. After a rocky end to last year, the "Ethereum killer" is flashing signs of a massive comeback. Following a recent rally that saw the token reclaim the critical $130 level, market analysts are now seeing a decisive shift in <a href="https://www.cryptoknowmics.com/news/solanas-on-chain-revenue-surges-amid-market-turbulence/">Solana’s market</a> structure. This structural change has many traders setting their sights on a mid-term target of $167, as bullish momentum finally begins to outpace the sellers.
<h2>Why is Solana’s market structure turning bullish right now?</h2>
The recent surge in Solana's price isn't just a random pump; it’s a technical shift that has flipped previous "ceilings" into "floors." After weeks of being pinned down by heavy resistance, SOL has successfully closed above its 20-day and 50-day exponential moving averages (EMAs).

This move signals that the short-term market sentiment has shifted from "sell the bounce" to "buy the dip." On-chain data also supports this, showing a 35% increase in trading volume and a significant rise in open interest, suggesting that institutional money is beginning to flow back into the Solana ecosystem as we enter the new year.
<h3>Can SOL really hit the $167 resistance level?</h3>
Technical analysts are looking at the current setup as a classic "bullish breakout." Having cleared the $130 hurdle, the path to $150 is relatively clear. However, the real prize is the $167 zone, which aligns with a major Fibonacci retracement level and a historic area of liquidity.

According to several chart-based signals, if SOL can sustain a daily close above the $147 mark, the momentum could accelerate rapidly. Experts believe that a successful push beyond $167 would not only confirm a macro reversal but could also set the stage for a much larger run toward the $200 psychological barrier by the end of Q1 2026.
<h3>What are the potential risks of a Solana "fake-out"?</h3>
Despite the optimism, some caution is warranted. The Relative Strength Index (RSI) is currently hovering near 63, which means SOL is gaining strength but is not yet "overbought." However, if the broader market—specifically Bitcoin—faces a rejection at its own resistance levels, Solana could see a brief pullback.

Key support zones to watch are currently at $130 and $123. As long as Solana holds above these levels, the bullish structure remains intact. But a breakdown below $117 would likely invalidate this breakout and send the token back into a period of sideways consolidation.

Solana Price Target: Will SOL Hit $167 After This Market Shift?

Solana’s market structure just turned bullish in early 2026. Find out why analysts are eyeing $167 as the next big price target for SOL.

Solana Price Target: Will SOL Hit $167 After This Market Shift?

Top Picks