{"id":66651,"date":"2026-01-20T13:43:37","date_gmt":"2026-01-20T13:43:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-risks-plunge-to-under-120-as-sellers-dominate\/"},"modified":"2026-01-20T13:43:37","modified_gmt":"2026-01-20T13:43:37","slug":"solana-risks-plunge-to-under-120-as-sellers-dominate","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-risks-plunge-to-under-120-as-sellers-dominate\/","title":{"rendered":"Solana risks plunge to under $120 as sellers dominate"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Aug_29_-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Solana traded to lows of $128 as the price broke down from above $135.<\/li>\n<li>The technical outlook suggests bears could eye a dip to $120 or lower.<\/li>\n<li>Bitcoin\u2019s trajectory will also dictate broader sentiment.<\/li>\n<\/ul>\n<p>Solana (SOL) price declined by about 4% in the past 24 hours to trade below $130 as of writing on January 20, 2026.<\/p>\n<p>The altcoin\u2019s value slipped amid heightened selling pressure across the broader market, with corrections sending Bitcoin to <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-slips-below-92k-as-dormant-whale-moves-and-macro-pressures-mount\/\">around $90,600<\/a>.<\/p>\n<p>For Solana, derivatives metrics hint at a potential bearish tilt, with further downside action toward sub-$120 levels likely.<\/p>\n<h2>\u200bSolana dips below $130<\/h2>\n<p>Top altcoins continue to see notable traction, as <a href=\"https:\/\/x.com\/SolanaFloor\/status\/2013295484186587338\" target=\"_blank\" rel=\"noopener\">shown<\/a> by the $1 billion real-world assets milestone for Solana.<\/p>\n<p>However, while this points to long-term potential, in the short term, it appears bullish sentiment is waning.<\/p>\n<p>Escalating global economic uncertainties and cryptocurrency sector volatility signal this outlook, with long liquidations in SOL derivatives surpassing $20 million in the past 24 hours.<\/p>\n<p>The imbalance in liquidations, with longs comprising over 95% of total wipeouts, points to overcrowded bullish bets.<\/p>\n<p>Notably, this shows how vulnerable bulls are to cascading sell-offs.<\/p>\n<p>In this case, the aggressive unwinding by leveraged bulls has open interest in SOL futures contracting to roughly $8.2 billion amid diminished risk appetite.<\/p>\n<p>\u200bMeanwhile, funding rates hover at a mildly 0.0070%, but seller dominance has SOL prices down 8% this past week.<\/p>\n<p>The monthly action has seen shorts shrink the altcoin\u2019s value to just +2.4%.<\/p>\n<p>A look at institutional flows does present a mixed picture. US spot Solana ETFs registered over $47 million in net inflows last week.<\/p>\n<p>SoSoValue data <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-sol-spot\" target=\"_blank\" rel=\"noopener\">shows<\/a> that net inflows were up from about $41 million and $20 million over the previous two weeks.<\/p>\n<p>However, spot-driven selling could erode this support, potentially triggering outflows.<\/p>\n<h2>\u200b\u200bSOL price forecast \u2013 Is $120 next?<\/h2>\n<p>As highlighted, Solana traded below the key support at $130, having slipped under the 20-day and 50-day exponential moving averages.<\/p>\n<p>The EMAs are clustered at $137 and $159, respectively, hinting at a short-term bearish structure.<\/p>\n<p>Charts also show the daily MACD line has crossed below its signal, with histogram bars expanding negatively.<\/p>\n<p>Meanwhile, RSI hovers at 41 and is drifting toward oversold territory to suggest more room for downward momentum.<\/p>\n<figure id=\"attachment_358771\" aria-describedby=\"caption-attachment-358771\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-358771\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/solana-sol-chart.png\" alt=\"Solana Price Chart\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-358771\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SOLUSD\/\" target=\"_blank\" rel=\"noopener\">Solana price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>\u200bIf support at $125-$126 fails, it will open a path for a revisit of the $120 mark.<\/p>\n<p>Bears could target lows of $116 reached on December 18, 2025.<\/p>\n<p>On the other hand, upside resistance looms at the $137 level, and notable supply zones also await around $145 and $160.<\/p>\n<p>A decisive move in either direction will be key to bears or bulls. Market sentiment will also hinge on Bitcoin\u2019s trajectory, with fresh tumbles amplifying SOL\u2019s downside vulnerability.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-risks-plunge-to-under-120-as-sellers-dominate\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana traded to lows of $128 as the price broke down from above $135. The technical outlook suggests bears could eye a dip to $120 or lower. Bitcoin\u2019s trajectory will also dictate broader sentiment. Solana (SOL) price declined by about 4% [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":66652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66651"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=66651"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/66651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/66652"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=66651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=66651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=66651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}