#Solana SOL Price News Today 24-1-2026 - 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 24, 2026, Solana (SOL) is trading at approximately $127.09, reflecting a slight decline of about 0.25% over the last 24 hours. Despite the minor daily dip, market sentiment shows a mild recovery as funding rates on major exchanges transition toward neutral levels, suggesting an easing of recent bearish pressure.
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Market Insights
--Sentiment Recovery: While altcoins broadly remain under selling pressure, SOL and Bitcoin (BTC) are seeing a stabilization in funding rates, indicating that the aggressive "shorting" seen earlier in the week is subsiding.
--Technical Support: Analysts are closely watching the $126.70 level; a break below this could signal the failure of recent breakout attempts, whereas staying above $129–$130 is considered vital for maintaining positive Q1 momentum.
--DeFi & NFT Impact: The price continues to be influenced by growing demand in the DeFi community and the platform's high-speed transaction capabilities, though it remains significantly below its all-time high of $293.31.
Short-Term Forecast
Projections for the remainder of January 2026 suggest SOL will likely trade within a range of $126.98 to $128.83. Looking further into Q1 2026, some analysts forecast a potential rise to $142.19 by late February if the current support levels hold.
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