Solana (sol) has seen a minor decline of 0.54%. the analysis suggests potential further drops to key support levels around $124.67, with possibilities of reaching $120-$122 or even $116.88 if broader support breaks.
The analysis relies on technical charts (coinstats, tradingview) and identified support/resistance levels. while technical analysis is a valid tool, the article includes a disclaimer emphasizing it's not financial advice and is based on opinions, making it a medium trust source for direct investment decisions.
On both larger and midterm timeframes, sol shows no immediate reversal signals and is trending towards testing significant support levels. a potential breakout below $124.67 could lead to a deeper drop, and a weekly close near current prices or lower could target $116.88.
The analysis references hourly, daily, and weekly charts, with potential movements expected 'tomorrow' and 'soon', indicating that the predicted price action is anticipated in the immediate to short-term future.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The weekend is under bears' control, according to CoinStats . Advertisement SOL chart by CoinStats SOL/USD The price of Solana (SOL) has declined by 0.54% since yesterday. Image by TradingView On the hourly chart, the rate of SOL might have set a local support at $125.98. If the daily bar closes far from that mark, traders may witness a test of the resistance by tomorrow. Image by TradingView On the bigger time frame, the price of SOL is on the way to the support at $124.67. If a breakout happens, the accumulated energy might be enough for a more profound drop to the $120-$122 range. Image by TradingView From the midterm point of view, there are no reversal signals so far. You Might Also Like Sat, 01/24/2026 - 16:20 Bitcoin (BTC) Price Analysis for January 24 By Denys Serhiichuk If the weekly candle closes around the current prices or below, one may see a test of the $116.88 support soon. SOL is trading at $126.61 at press time. #Solana Price Prediction