{"id":20377,"date":"2026-01-22T07:49:57","date_gmt":"2026-01-22T07:49:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-price-loses-bullish-momentum-will-126-support-prevent-a-deeper-pullback\/"},"modified":"2026-01-22T07:50:14","modified_gmt":"2026-01-22T07:50:14","slug":"solana-price-loses-bullish-momentum-will-126-support-prevent-a-deeper-pullback","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-price-loses-bullish-momentum-will-126-support-prevent-a-deeper-pullback\/","title":{"rendered":"Solana price loses bullish momentum \u2014 will $126 support prevent a deeper pullback?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Solana price is hovering near the $126 support zone after losing upside momentum, as declining volume and reduced leverage show traders stepping back.<\/p>\n<div id=\"cn-block-summary-block_c60a81bd2cbaa405c07ec88078154e4f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Solana is consolidating near the $126\u2013$128 support zone after a failed push above $145.<\/li>\n<li>Falling spot volume and declining derivatives activity suggest reduced speculative interest, even as long-term institutional inflows and ETF demand remain supportive.<\/li>\n<li>A firm hold above $126 could stabilize price action, while a daily close below this level risks a deeper pullback toward the $118\u2013$120 range.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Solana was trading around $130 at the time of writing, up 1.4% on the day, though momentum appears to be cooling after a sharp rejection from higher levels. <\/p>\n<p>SOL is down about 10% over the last week. During that time, prices have fluctuated between $125 and $145, indicating increased volatility around key technical levels.<\/p>\n<p>Additionally, trading activity has decreased. Spot volume fell 6.8% to $5.62 billion over the previous day, indicating lower participation during the decline. According to CoinGlass data, open interest dropped 3.61% to $7.60 billion, while futures volume decreased 4.4% to $15.22 billion. <\/p>\n<p>When taken as a whole, these declines indicate that traders are reducing their leverage and closing positions instead of taking on additional risk, which is a common pattern during corrective phases.<\/p>\n<h2 class=\"wp-block-heading\">Institutional flows and on-chain activity remain constructive<\/h2>\n<p>Despite short-term weakness, institutional demand continues to build in the background. Spot Solana (SOL) exchange-traded funds recorded $2.92 million in net inflows on Jan. 21, as per SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/m.sosovalue.com\/assets\/etf\/us-sol-spot\" target=\"_blank\" rel=\"nofollow\">data<\/a>. <\/p>\n<p>Monthly net inflows have now exceeded $103 million, bringing cumulative inflows to roughly $869 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Solana\u2019s on-chain activity is still quite strong. According to DefiLlama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/solana\" target=\"_blank\" rel=\"nofollow\">data<\/a>, daily decentralized exchange volume has nearly doubled since the beginning of 2026, going from about $2.5 billion to over $5.6 billion. <\/p>\n<p>Despite a slight decline, the market capitalization of stablecoins is still over $14 billion, indicating strong liquidity.<\/p>\n<p>Solana\u2019s presence in real-world asset tokenization is also growing. Real world asset\u2019s total value locked on the network has surpassed $1.1 billion, placing it third behind Ethereum and BNB Chain. This expansion continues to be fueled by institutional names such as BlackRock, Franklin Templeton, and Ondo.<\/p>\n<p>At the same time, upgrades like Firedancer are improving network reliability, while regulatory clarity discussions and payments-focused partnerships support longer-term adoption.<\/p>\n<h2 class=\"wp-block-heading\">Solana price technical analysis<\/h2>\n<p>From a technical standpoint, momentum has clearly rolled over. Solana failed to hold gains above the $145\u2013$150 zone, where price was repeatedly rejected near the upper Bollinger Band. The current corrective leg began with that rejection. <\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Solana daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>SOL\u2019s drop below its 20-day moving average suggests a loss of short-term momentum. Growing downward pressure is indicated by the daily relative strength index falling below the neutral 50 mark and into the low-40s. The corrective pattern has persisted because recent attempts at a bounce have stalled at lower highs.<\/p>\n<p>Near-term support is clustered between $126 and $128, an area that lines up with the lower Bollinger Band and a previous consolidation zone. This zone is now under pressure. A sustained daily close below $126 would likely open the door to a deeper pullback toward the $118\u2013$120 area, where earlier demand emerged.<\/p>\n<p>On the upside, recovery attempts are likely to face resistance near $137\u2013$140, followed by the major $145\u2013$150 zone. Until price reclaims those levels and regains the 50-day moving average, rallies may struggle to gain traction.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana price is hovering near the $126 support zone after losing upside momentum, as declining volume and reduced leverage show traders stepping back. Summary Solana is consolidating near the $126\u2013$128&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20377"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20377\/revisions"}],"predecessor-version":[{"id":20378,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20377\/revisions\/20378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11371"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}