#Solana SOL Price News Today 23-1-2026 - Elliott Wave and technical analysis of #SOL, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 23, 2026, Solana (SOL) is trading at approximately $128.53, reflecting a 24-hour decline of about 1.4%. The asset is currently in a consolidation phase, with technical indicators showing a neutral-to-bearish sentiment as it struggles to reclaim the $130 resistance level.
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Market News
--Strategic Partnership in South Korea: Hanwha Asset Management signed an MOU with the Solana Foundation on January 23 to expand the digital asset ecosystem. The collaboration aims to launch Solana-based exchange-traded products (ETPs) and establish local custody standards.
--ETF Inflows: Solana spot ETFs saw significant net inflows totaling $2.92 million on January 21. Total net asset value for these ETFs has reached $1.1 billion, led by products from VanEck and Fidelity.
--Institutional Adoption: The U.S. public firm Forward Industries reportedly holds the largest public SOL treasury with 6.97 million SOL, signaling high corporate conviction.
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