#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 $126.97, down 1.52% over the last 24 hours. The cryptocurrency reached an intraday high of $129.04 and a low of $126.76, continuing a corrective phase after peaking at $146 on January 14, 2026.
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Market News
--Correction & Weekly Performance: SOL has declined roughly 11% over the past week, making it one of the largest weekly losers among mega-cap digital assets. The price has nearly erased its year-to-date gains, retaining only a 2% increase for the month of January.
--Legal & Regulatory Headwinds: Market sentiment is currently pressured by a new class-action lawsuit filed against several organizations within the Solana ecosystem on January 23, 2026.
--Network & Staking Activity: Despite the price drop, Solana's total staking value reached a record high of $60 billion today, with approximately 70% of all tokens now staked.
--Market Support Levels: Analysts have identified $125 as a critical short-term support level; a breach could lead to a test of the $120 range.
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