Solana (SOL) Tumbles 6%: Can Bulls Halt the Freefall, or Do Bears Truly Hold the Reins?

TheNewsCryptoPublished on 2026-01-19Last updated on 2026-01-19

Abstract

The cryptocurrency market is experiencing a downturn, with Solana (SOL) leading the losses by declining over 6%. After reaching an early high of $143.06, SOL's price tumbled to a low of $132.82 and is currently trading around $133.73. This drop occurred alongside a significant 126% surge in its daily trading volume, which reached $5.1 billion, and saw $60.89 million in liquidations. Technical indicators are predominantly bearish. SOL has formed a death cross and is approaching a key support level at $130.21; a break below this could lead to a further decline toward $127. A recovery would require bulls to push the price above $136.47 to target resistance near $139.68. The Moving Average Convergence Divergence (MACD) is below zero, confirming the bearish trend. The Chaikin Money Flow (CMF) indicator at -0.11 points to ongoing selling pressure and capital outflow. Furthermore, the daily RSI reading of 25.55 places SOL in oversold territory, which could hint at a potential bounce if buyers return. However, the Bull Bear Power (BBP) value of -11.28 indicates that bearish dominance is strong and sellers remain in control for the near term.

With a 2.57% loss, the crypto market is floating in red, and the assets are losing momentum. The neutral sentiment is hanging across the market, as the Fear and Greed Index value is holding at 45. All the major assets are moving downward, unable to escape the bear trap. Among the altcoins, Solana (SOL) has posted a 6.12% loss.

In the early hours, Solana traded at a high range of $143.06, and the sudden bearish pressure has triggered the price toward a bottom of $132.82. Currently, Solana is trading at around $133.73, with its daily trading volume jumped by 126% to $5.1 billion. The SOL market has witnessed a 24-hour liquidation of $60.89 million.

The recent price graph of Solana hints at a downtrend. With the formation of the death cross, the price slips to the support at $130.21. Breaking past this level might push for a deeper slide below the $127.10 mark. On the upside, if SOL bulls regained power, the price could rise to $136.47. With extended gains, the golden cross would take place, potentially eyeing its subsequent resistance at around $139.68.

Solana Momentum Slips as Indicators Lean Negative

SOL’s Moving Average Convergence Divergence (MACD) line and signal line have fallen below the zero line, reflecting a bearish shift. The asset currently trades below its longer-term average, showing downward strength. A crossover above zero brings in early signs of a potential trend reversal.

Besides, the Chaikin Money Flow (CMF) indicator resting at -0.11 points out that there is selling pressure in the Solana market. The capital is flowing out of the asset, with the bears having the upper hand. Unless the value moves back above zero, the downside momentum may persist.

The daily Relative Strength Index (RSI) of Solana is settled at 25.55 indicates that it is in the oversold territory. As strong selling pressure is present, it can signal a potential bounce if the buyers step in. Moreover, Solana’s Bull Bear Power (BBP) value is stationed at -11.28 suggests strong bearish dominance. Significantly, the sellers are firmly in control, with heavy downside pressure and limited bullish strength in the near term.

Top Updated Crypto News

Dogecoin (DOGE) Faces Turbulence After a 7% Slip: Can It Hold Key Support Zones?

TagsAltcoinCryptocurrencySOLSOL PriceSolana

Related Questions

QWhat is the current price of Solana (SOL) and how much has it lost in the last 24 hours?

ASolana is currently trading at around $133.73 and has posted a 6.12% loss.

QWhat key technical indicator suggests a bearish shift for Solana's price momentum?

AThe Moving Average Convergence Divergence (MACD) line and signal line falling below the zero line reflects a bearish shift.

QWhat does the Chaikin Money Flow (CMF) value of -0.11 indicate for the Solana market?

AA CMF value of -0.11 indicates that there is selling pressure and capital is flowing out of the asset, with bears having the upper hand.

QAccording to the RSI, is Solana currently in oversold or overbought territory?

ASolana's daily Relative Strength Index (RSI) is at 25.55, which indicates it is in the oversold territory.

QWhat are the critical support and resistance levels mentioned for Solana's price?

AThe critical support level is at $130.21, with a break potentially leading to a slide below $127.10. The key resistance levels are at $136.47 and, with extended gains, around $139.68.

Related Reads

Taiwanese Nodes on the AI Industry Chain: 9 Taiwanese Stock Picks Favored by 'New Stock God' Serenity

Investment analyst Serenity has spotlighted 9 Taiwanese stocks positioned within three key themes of the AI hardware supply chain: CPO (Co-packaged Optics), ASIC (Application-Specific Integrated Circuits), and Compound Semiconductors. For the CPO theme, anchored by TSMC's COUPE platform expected to mass produce in 2026, Serenity highlighted five stocks: FOCI (fiber array unit supplier), Shunsin Technology (optical packaging & testing), Xintec (wafer-level packaging & testing), MSSCorps (inspection/measurement tools), and Nextronics (connectors & thermal modules). Regarding the ASIC theme, driven by hyperscalers' custom chips, three companies were named: Alchip (design services for AWS), Unimicron (ABF substrates for Google TPU/AWS), and MediaTek (potential collaboration on Google TPU). A singular, strong conviction pick is Win Semiconductor, a compound semiconductor foundry and leader in InP/GaAs, seen as a beneficiary in areas like laser sources for silicon photonics and LEO satellite communications. Serenity argues that current valuations are not in a bubble, geopolitical risks are overstated, and the real systemic risk lies not in cross-strait tensions but in potential future cuts to hyperscaler (Microsoft, Amazon, Google, Meta, Oracle) capital expenditure—the primary driver of the current AI infrastructure boom.

marsbit14m ago

Taiwanese Nodes on the AI Industry Chain: 9 Taiwanese Stock Picks Favored by 'New Stock God' Serenity

marsbit14m ago

Vitalik's Vision for the Next Evolution of On-Chain Finance: How to Reconstruct DeFi with an 'Options Mindset'?

Vitalik Buterin recently proposed a conceptual shift for DeFi: replacing traditional Collateralized Debt Positions (CDPs) and forced liquidations with an options-based mechanism. This aims to address key vulnerabilities in current DeFi lending. The traditional CDP model, foundational to protocols like MakerDAO and Aave, allows users to borrow against collateral but relies on real-time oracles and triggers sudden, mandatory liquidations during price volatility. This can cause cascading sell-offs, oracle manipulation risks, and significant MEV extraction, exacerbating market stress. Vitalik's alternative envisions splitting an asset like 1 ETH into two complementary components: one offering stable/index-like exposure and the other absorbing the opposite risk/reward. Instead of a hard liquidation threshold, a user's exposure to the target asset would gradually and smoothly deviate (following a near-quadratic curve) as the collateral price moves. The system would primarily depend on "slow oracles" for periodic settlement rather than instant price feeds. Key potential benefits include: the elimination of abrupt, forced liquidations; drastically reduced reliance on vulnerable real-time oracles; and inherent resistance to certain MEV exploits centered on liquidation auctions. The article posits that for Ethereum DeFi to maintain its relevance amid competition from faster, cheaper chains, it must compete on sophisticated financial engineering and robustness—not just transaction speed or yields. The core value proposition should shift towards offering users clearer, more manageable risk structures, greater autonomy, and resilience in extreme scenarios, moving DeFi from high-risk experimentation towards becoming reliable financial infrastructure.

marsbit16m ago

Vitalik's Vision for the Next Evolution of On-Chain Finance: How to Reconstruct DeFi with an 'Options Mindset'?

marsbit16m ago

The Bitcoin 4-Year Cycle Has Never Disappeared, It Just 'Changed Shape'

Has Bitcoin's 4-Year Cycle Disappeared? The article argues that the fundamental 4-year cycle driven by halving events remains intact but its manifestation has changed due to a shift in the dominant buyer profile. The cycle peaked in October 2025, aligning with historical post-halving timelines. However, classic on-chain top indicators (MVRV, Pi Cycle, NUPL, etc.) failed to signal the peak. This is because these metrics are designed to detect retail FOMO, which was largely absent in Bitcoin this cycle. Retail capital was systematically drained by memecoins and high-FDV, low-float VC token launches before it could fuel a parabolic Bitcoin finale. Instead, institutional buyers (spot Bitcoin ETFs, corporate treasuries like MicroStrategy) became the marginal buyers. Their steady, programmatic accumulation created a strong but less volatile uptrend that didn't trigger traditional euphoria signals. The cycle's structure persists: a post-halving supply shock, a peak roughly 480-550 days later, and a bottom approximately one year after the peak (projected for Q3/Q4 2026). Bear market drawdowns are becoming shallower (projected 50-65% vs. past 78-86%) as institutional ownership matures. The article concludes that the cycle's timing remains the most reliable signal, while the tools to identify its phases must evolve with the market's structure.

marsbit1h ago

The Bitcoin 4-Year Cycle Has Never Disappeared, It Just 'Changed Shape'

marsbit1h ago

AI Agent Completely Transforms Web3 Gaming: From the Rugpull Bakery Bot Controversy to the New 2026 Agent Paradigm

This article explores how the AI Agent paradigm is fundamentally transforming Web3 gaming, moving from a disruptive force to a core, legitimized element. It begins with the controversy in the competitive baking game Rugpull Bakery, where automated scripts caused fairness issues. Instead of banning them, the developers integrated AI Agents into the official gameplay by providing technical documentation (skill.md, agent.json), marking a shift towards "Agentic Gaming." The piece outlines three primary implementation models for AI Agents in Web3 games by 2026: 1. **Autonomous Competitors & Economic Entities:** AI Agents act as independent players with unique strategies. Examples include TEN Protocol's poker agents, AI Arena's trainable NFT fighters, and Satoshi Strike Force's "Digital Athletes" trained on player data. The Somnia blockchain is highlighted as a dedicated "Agentic L1" infrastructure supporting this model at scale. 2. **Modular Infrastructure & Programmable Environments:** This model, exemplified by EVE Frontier, allows AI Agents to program game world logic itself. Using "Smart Assemblies" (e.g., Smart Turrets, Smart Gates), Agents can modify shared economic and physical rules on-chain, creating dynamic, player/AI-built worlds. The ERC-8183 standard further enables these automated entities to hire other AI services for complex tasks. 3. **Hybrid Companions & Dynamic Adaptation:** Here, AI serves as a collaborative partner. In Parallel Colony, highly autonomous AI Avatars work alongside human players who provide high-level guidance. Illuvium plans to use AI to make NPCs dynamic and responsive, creating personalized, emergent narratives for each player. The conclusion posits that Web3 gaming has reached a "post-human" inflection point. Blockchains' transparency and programmability, combined with new standards and infrastructure like Somnia, make integrating and governing AI Agents not just viable but essential. The future lies in a symbiotic digital order where players transition from manual laborers to commanders and partners of algorithmic intelligence.

marsbit1h ago

AI Agent Completely Transforms Web3 Gaming: From the Rugpull Bakery Bot Controversy to the New 2026 Agent Paradigm

marsbit1h ago

Saylor Bought 1,550 BTC, But This Might Be Strategy's Worst Trade Recently

Saylor purchased 1,550 BTC, but this may be one of MicroStrategy's worst recent trades for its MSTR shareholders. The article explains that for MSTR to increase its Bitcoin-per-share (BPS) metric, it must issue new shares at an mNAV (market cap to net asset value) ratio above a "breakeven" level, calculated here as 1.30. In this transaction, MSTR raised $181 million via an ATM offering and used only $101.3 million to buy Bitcoin, with the rest reportedly added to its dollar reserves. Crucially, the author argues the shares were likely sold below the 1.30 mNAV threshold. This combination—selling below breakeven mNAV and not deploying all proceeds into Bitcoin—resulted in a slight dilution of BPS, estimated at a 0.19% decrease. The trade is framed as a sacrifice of MSTR shareholder value (BPS) to extend the dollar reserve runway for its Sustainable Treasury Reserve Coin (STRC) subsidiary from 6.3 to 7 months. The author concludes that Strategy is gambling that this move will improve market sentiment for STRC and MSTR, allowing future value-accretive fundraising. If it fails, the company may face the difficult choice of further diluting MSTR or delaying STRC dividends.

marsbit1h ago

Saylor Bought 1,550 BTC, But This Might Be Strategy's Worst Trade Recently

marsbit1h ago

Trading

Spot
Futures

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SOL (SOL) are presented below.

活动图片

Top Questions

Hot Categoriesright-arrow

Hot Tagsright-arrow