#Solana SOL Price News Today 20-1-2026 - Elliott Wave and technical analysis of #SOL, focusing on market structure, key support and resistance zones. Video by More #Crypto Online Global.
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As of January 20, 2026, Solana (SOL) is trading at approximately $133.56, reflecting a minor decline of 0.32% over the last 24 hours. The price remains in a consolidation phase following a sharp rejection from the $145 level earlier this week.
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Recent Solana News & Network Updates
--Price Correction: SOL faced significant downward pressure after failing to settle above the $140 resistance mark. The price hit a daily low of $133.14 before slightly recovering to current levels.
--Network Metrics Warning: Investors are closely monitoring a 17% drop in stablecoin supply on the Solana network over the past 30 days. While DeFi Total Value Locked (TVL) remains stable at $9.2 billion, the outflow of stablecoins is viewed as a potential bearish signal for near-term growth.
--Broader Market Sentiment: The downturn mirrors broader crypto market movements, with Bitcoin testing support at $92,000 and Ethereum sliding below $3,200.
--Institutional Interest: Despite price weakness, institutional demand remains steady, evidenced by consistent daily inflows into Solana spot ETFs, recently averaging $2.93 million.
Analysts maintain a cautiously optimistic outlook for the remainder of 2026, citing upcoming catalysts like the "Alpenglow" mainnet upgrade. Price targets for the year generally range between a minimum of $134 and a potential high of $170.60.
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