Solana Price Shows Rising Momentum and Market Cap Activity This January

• Solana price breaks the descending trendline, showing early bullish reversal.

• Network revenue stabilizes, Solana leads alongside Tron and BNB.

• Over the week market cap fluctuated between $137M and $144M with steady trading.

Analysis for Solana price reveals an early-stage bullish trend after a prolonged decline. Network revenues diversify, and market cap cycles show cautious investor activity.

Solana Price Shows Early Bullish Reversal

Solana has shifted from a long-term downtrend toward a potential bullish reversal. On the SOLUSDT 8-hour chart lower highs and lower lows are forming, hinting at a breakout above the descending trendline.

The support level between $115 and $120 is a critical zone where buyers defended prices repeatedly in the past. This is suggesting that selling pressure is weakening.

$SOL #Solana Slowly but Surely 🆙🚀

+14% Profit so far Since the ENTRY… https://t.co/Y1Gq1Pfo87 pic.twitter.com/LFUAVRNid9

— Captain Faibik 🐺 (@CryptoFaibik) January 13, 2026

Since then, momentum has been minimal and has shown shallow pullbacks and controlled volatility. This is further reinforcing the possibility of continued upward movement.

Crypto analyst Captain Faibik noted that the breakout above the descending trendline is structural. Adding that consolidation and higher lows indicate acceptance above previous resistance, which is supporting the early bullish stance.

The projected target range of $185–190 aligns with prior consolidation zones.

Network Revenue Trends Highlight Solana’s Position

Blockchain network revenue from October 12, 2025, to January 11, 2026, shows Solana gaining a prominent share alongside Ethereum, Tron, and BNB.  Initially, revenue peaked above $100 million in mid-October.

$SOL back to the number 1 chain in terms of weekly network revenue. pic.twitter.com/rPeIDpZ0LO

— Rand (@cryptorand) January 13, 2026

Then, the revenue stabilized between $25 million and $40 million weekly. During this period, Solana contributed $7.65 million in the last week sampled, surpassing Ethereum’s $3.28 million and closely competing with Tron at $6.46 million.

The data reflects a post-peak period with more balanced revenue distribution across multiple networks. BNB also gained visibility, contributing $4.89 million.

Smaller protocols like Polygon, Base, and HyperEVM maintained modest revenue shares, indicating diversified user activity across blockchains.

Market Cap Movements Reflect Short-Term Trading Cycles

Over the past seven days, Solana’s market cap ranged from $137 million to $144 million. It stayed mostly in a moderate volatility zone. The market cap initially rose from $140 million to a peak above $143 million on January 12.

This was a signal of sustained short-term buying momentum. After the peak, the market then experienced a correction, dropping close to $138 million on January 13.

Through a subsequent recovery the market cap returned near $142 million, due to renewed trading interest and stable investor confidence. Notably, volume levels remained consistent throughout the week.

Stable trading activity suggests that price fluctuations were influenced by steady buying and not sudden large trades.