Crypto

SOL Price Predictions: What Analysts Are Forecasting Next

SOL

In January 2026, Solana (SOL) experienced instability. The prices started at $128.86 and peaked around the middle of the month to $148.3. On January 31, 2026, the prices consolidated to $118.50. It has failed to settle above $125, and many worry that it will struggle to start a new recovery.          

Summary 

  • Solana is currently facing downward pressure, failing to sustain above $125. 
  • SOL is trading below $120 and the 100-hourly simple moving average. 
  • A price recovery is only possible if the bulls are able to defend SOL at $112 or $105. 

Solana prices have struggled to maintain their key level at $125, commencing a new slump, similar to Bitcoin (BTC) and Ethereum (ETH). 

SOL Failing to Defend Support Level 

Solana is currently in a corrective phase after reaching a monthly high of $148.3. The prices have tried to go over $125, but faced multiple rejections. SOL remains below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), signalling a negative market sentiment. 

Though the prices have increased by 3.4% to 3.9% over the past 24 hours. However, it has remained down by 7.2% to 9.7% over the past week. The Moving Average Convergence Divergence (MACD) is below the signal line, and the negative histogram indicates a diminishing downward strength in a contracting pattern. 

The Relative Strength Index (RSI) is at 34.59, reversing from the midline. Analysts predict that if prices close below $110, SOL could enter a deeper correction and move to $100, followed by $95. 

Analysts also observed that Solana is facing several resistances in its upward movement. It includes the 50-day EMA at $133, the 100-day EMA at $144, and the $145 – $148 supply zone. 

SOL Retail Strength Declines 

Solana’s retail strength is diminishing due to increasing capital outflows from its derivatives. It induces a risk-averse sentiment. According to CoinGlass reports, SOL futures Open Interest fell by 3.38% over the past 24-hours to $3.26 billion, signalling leverage reduction. 

Investors have started raising concerns about a bearish state and have started liquidating. On January 28, about $7.31 million SOL were liquidated in 24 hours. 

What Analysts Forecast for SOL? 

Analysts are cautiously optimistic about SOL price movements. They consider this dip a correction rather than a reversal. For February, analysts predict that SOL prices move towards $150-$180 if it can hold its support level at $115. On the other hand, a few charts suggest potential highs, indicating that a bullish momentum could return and prices could reach $192 – $200. 

As mentioned earlier, SOL’s key support level is $115. If it does not hold, prices could break down and further drop to $97. On the other hand, if it reclaims the resistance level, the prices can move back to $150. 

Surging Network Activities 

Although Solana (SOL) is experiencing major price volatility, analysts noted that its network activity has surged considerably. The number of daily active addresses doubled in January, increasing to over 5 million. Weekly reports even recorded a high of 18.9 million to 27.1 million. 

The daily transaction volume increased from 52 million to 87 million, indicating higher network utilization. The transaction fees also surpassed $1.1 million. Analysts believe the network activities could drive up demand for SOL. It could even push the prices above the resistance zone and build a bullish ground.