Solana Price Jumps 5% as Solana Mobile Unveils SKR Token Launch for 2026

The Solana price rose about 5%, climbing from roughly $140 to $145.68 in 24 hours on a 10% drop in the daily trading volume to $5.97 billion

This surge in Solana price comes as Solana Mobile confirmed it will launch its long-awaited native token, SKR, alongside its new Seeker smartphone in early 2026. The SKR token will act as the governance and utility token for the company’s mobile ecosystem. It will have a 10 billion supply, with 30% for airdrops, 25% for growth and partnerships, and the rest split among liquidity, the community treasury, Solana Mobile, and Solana Labs.

Solana Mobile said SKR will feature linear inflation to reward early stakers and will play a major role in expanding the Seeker’s DApp store, which already hosts over 100 apps. The company also introduced “guardians,” trusted partners who will verify devices, review DApp submissions and maintain ecosystem standards. Users will be able to stake SKR to guardians to earn rewards.

Solana Eyes Bullish Breakout as Price Rebounds From Key Support Zone

Solana (SOL) is showing its first signs of stabilization after an extended decline, as the price rebounds from the key support zone around $95–$100. This level has formed a double-bottom structure, which often signals a potential trend reversal, especially after a long bearish phase. The recent bounce has pushed SOL toward the upper boundary of its bearish descending channel, a structure that has guided the market down since late September.

A breakout from this channel would mark a major shift in sentiment. At the moment, SOL is trading near $145, attempting to break above the channel’s top trendline. A successful close above this level could open the door for a rally toward the next resistance cluster formed by the 200-day SMA at $169.90 and the 50-day SMA at $185.94. These moving averages remain key barriers that traders will watch closely, as reclaiming them would likely accelerate bullish momentum.

SOLUSDT Chart Analysis. Source: Tradingview

The RSI at 40 has started rising from near-oversold territory, suggesting that selling pressure is fading. A move above 50 would confirm building strength. Meanwhile, the MACD remains in bearish territory but is showing a clear reduction in negative momentum. The narrowing distance between the MACD line and signal line hints at a potential bullish crossover if the price continues improving.

If the bullish attempt strengthens, SOL’s next major resistance stands at the $170–$185 region, followed by a wider upside target toward $230–$250. A broader long-term recovery would require a break above these averages.

However, downside risks remain. Failure to maintain the rebound above $120–$130 could trigger renewed selling. A drop back below $100 would invalidate the reversal setup and expose the market to the next support region near $80–$90.