The Solana price has entered the new month under pressure after losing a level that had acted as a psychological anchor for much of the past year. The token’s drop below $100 shifted market attention from recovery narratives to damage control. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers Traders are now closely watching whether upcoming support levels can halt a decline that has accelerated amid overall weakness in the crypto market. Although network activity and institutional interest continue to draw attention, short-term price movements have clearly shifted into a bearish trend. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Solana Price Breaks $100 as Selling Pressure Builds Before bouncing back to the current $102 level, the Solana price dipped to around $98, marking its lowest point in nearly ten months and extending losses to nearly 20% over the past week and approximately 25% over the last month. Trading activity has thinned as prices fell, with spot volume and derivatives participation both declining. Data from CoinGlass shows falling open interest, suggesting long positions are being unwound rather than a surge in aggressive short selling. The move has not occurred in isolation. A wave of market-wide liquidations over the weekend, combined with thin liquidity, amplified downside moves across major cryptocurrencies. Macroeconomic concerns have also weighed on sentiment after renewed expectations of tighter U.S. monetary policy following President Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, a choice viewed as hawkish by markets. Technical Outlook Points to Lower Support Levels From a technical perspective, Solana’s structure has weakened. The break below $100 confirmed a pattern of lower highs and lower lows, with the Solana price hovering well beneath its declining short-term moving averages. Bollinger Bands are widening, and Solana price action remains near the lower band, suggesting downward momentum remains dominant rather than stabilizing. Momentum indicators underline the pressure. The daily relative strength index is hovering near 25, placing SOL deep in oversold territory. While this increases the probability of short-term bounces, it does not, on its own, signal a trend reversal. On the downside, traders are watching the $95 area closely, followed by a broader $92–90 zone. Below that, $85 and $80 stand out as larger historical support levels. Some on-chain and pattern analyses suggest that if selling accelerates, thinner support could expose deeper zones later in the year. Fundamentals Remain Active Despite Weak Price Action Despite the bearish price forecast, Solana’s underlying network metrics remain comparatively strong. January transaction counts rose sharply, and recent data shows continued growth in on-chain activity and stablecoin usage. Institutional interest has been mixed but not absent, with earlier January inflows offset by more recent Solana ETF outflows. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Traders Need To See Now Currently, the technical picture dominates. Solana would need to reclaim $110 and hold above key moving averages to ease bearish pressure. Until that happens, rallies are likely to be viewed as corrective moves within a broader downtrend, leaving the next support levels as the market’s immediate test. Cover image from ChatGPT, SOLUSD chart from Tradingview
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Arcium has launched its Mainnet Alpha on Solana, taking its encrypted computation network live as Umbra debuts a shielded finance layer.
SUI is back under pressure after sliding into a key Fibonacci support zone, raising fresh concerns about whether the recent pullback is only a pause or the start of a deeper downside move. With bearish momentum still in play and no clear reversal signal yet, the market is now at a critical decision point that could shape SUI’s next major move. Fibonacci Support Comes Into Focus Crypto analyst More Crypto Online, in a recent update, revealed that SUI has now reached its next Fibonacci-based support levels, bringing key downside zones into focus. The 61.8% retracement sits near $1.20, while a broader support region extends between $0.91 and $1.70. These areas are defined using different analytical methods, with the orange zone representing retracement-based support and the blue zone derived from a measured comparison between the initial A-wave decline bottoming in April last year and the current C-wave. Related Reading: SUI At The Smart Money Zone: Big Moves Brewing Above $2 From a structural perspective, SUI continues to display relative weakness when compared to Bitcoin, Ethereum, and Solana, all of which remain above their April 2025 lows. SUI has already broken below that level, reinforcing the view that downside pressure remains dominant. According to the analysis, the breakdown aligns with either a fifth wave to the downside unfolding within circle wave C, or with price moving through circle wave 3 of a larger bearish sequence. At this stage, no technical signs confirm that a local bottom has formed. Both the yellow and white scenarios outlined in the analysis continue to allow for further downside. As long as price action fails to show clear reversal signals, additional weakness cannot be ruled out. White Scenario: SUI Third Wave Down Remains In Play The analyst further highlighted that under the white scenario, the market is considered to be in a third wave to the downside within a broader bearish structure. In this case, circle wave 3 is expected to reach at least the $0.915 level and could extend even lower. The more directly price continues to decline, the greater the likelihood that this bearish interpretation remains in play. Related Reading: SUI Reclaims Smart Money Zone, While Weekly Structure Signals Big Move Ahead In contrast, the yellow scenario still leaves room for a future recovery. This outlook allows for a rally that could lead to new highs as part of a broader C-wave advance. However, for this bullish case to gain credibility, the market would need to deliver a clear five-wave move to the upside. Without such confirmation, any upward movement is more likely to develop as a corrective wave 4 within the white scenario rather than the start of a new impulsive rally. In that context, rebounds would be expected to face resistance, with the standard resistance zone currently defined between $1.81 and $2.55. Featured image from YouTube, chart from Tradingview.com
Through a built-in 'Prediction' feature, Jupiter users can now access Polymarket contracts without leaving the app.
Matt Hougan, the chief investment officer at Bitwise Asset Management, said he thinks Solana could plausibly become a trillion-dollar asset within five years—an outcome that would roughly translate into a ~$1,600 SOL price on a simple market-cap-per-token basis, depending on circulating supply. Hougan made the remarks on the Jan. 29 episode of When Shift Happens, framing his Solana view through what he called a “two ways to win” setup: growth in the addressable market (stablecoins and tokenized assets), plus an increasing share captured by Solana versus competing networks. Why Solana Could Hit $1,600+ Within 5 Years Hougan argued that the “infrastructure market” for stablecoins and tokenization is expanding quickly enough that large, liquid L1s should be valued less like niche crypto experiments and more like enabling rails for traditional finance. “The US Secretary of Treasury expects the stablecoin market to 12x over the next four years,” he said, adding that Larry Fink has described a future where “every asset, every fund, ETF, stock, bond, real estate will be tokenized.” From there, his Solana thesis leaned heavily on relative positioning. Ethereum remains the incumbent in stablecoins and tokenization, Hougan said, but Solana is “a legit competitor with an interesting technological differentiation,” and crucially “it’s extraordinarily easy to use and the community has a ship first attitude.” Related Reading: Solana Scores Major Institutional Adoption As WisdomTree Goes On-Chain That usability point, in his view, is underpriced by investors who focus on benchmark-style comparisons. “I think ease of use is a killer app that’s underrated by investors,” Hougan said. “Investors like to talk about throughput and they like to talk… TPS… who cares about this? …For an end user who’s trading, who’s on-ramping, ease of use is the killer app. And Solana is just easy to use, just dead easy to use.” Hougan also acknowledged a common investor blind spot: token supply dynamics can separate price action from market cap growth. He noted that Solana’s market value can rise meaningfully even if the token price revisits prior highs, and suggested staking yield partially offsets dilution, citing “roughly like 7% a year.” Another thread in the discussion was how regulation shaped institutional behavior. Hougan said Solana’s footprint in stablecoins and tokenization was constrained during the prior US regulatory environment, arguing that institutions “couldn’t build on Solana” if they believed it sat “outside of the regulatory perimeter.” With that cloud lifting, he said, mandates are starting to broaden. He also described why the ETF wrapper matters more for a smaller asset. “You put a little bit of inflows into an ETF package and they’re chasing a relatively small supply of Solana,” Hougan said. “It’s one of the best setups for an asset that I’ve ever seen because you have this small constrained size, you have significant institutional demand, you have stablecoins and tokenization… you put all that together and it seems like a winner.” Still, he avoided hard price targets and instead stayed in market-cap terms. “In 5 years I think it could be a trillion dollar asset. I think that’s relatively easy to imagine,” he said. “It’s hard to give a precise target because it depends on the pace of growth on stablecoins and tokenization. It depends on whether Congress passes the Clarity Act. It depends on the sort of crypto market cycles.” E156: @Matt_Hougan from @BitwiseInvest – $6.5M Bitcoin and the strongest Solana setup ever? This might be the most bullish yet rational episode we’ve done on the future of crypto: why debasement, institutional flows & tokenization are just getting started. Timestamps: 0:00… pic.twitter.com/WMqvKL7pCj — MR SHIFT ???? (@KevinWSHPod) January 29, 2026 On simple market-cap math, a $1 trillion Solana valuation implies a four-figure token price depending on supply. The relationship is straightforward: token price equals market cap divided by supply. Using Solana’s circulating supply of roughly 566 million SOL, a $1 trillion market cap works out to about $1,766 per SOL ($1,000,000,000,000 ÷ 566,000,000). Related Reading: Solana Pauses After 20% Drop — This Key Level Could Decide What’s Next If you instead use a fully diluted-style denominator closer to 619 million SOL, the same $1 trillion market cap implies roughly $1,615 per SOL ($1,000,000,000,000 ÷ 619,000,000). In other words, Hougan’s “trillion-dollar asset” framing maps to something like the mid-$1,000s per token on today’s supply assumptions, with the exact number moving as supply changes. Notably, Hougan’s Solana call sat alongside a broader macro narrative he returned to repeatedly: monetary debasement pushing investors toward scarce and non-sovereign stores of value. On Bitcoin, he argued the “two ways to win” are the store-of-value market expanding and Bitcoin taking share from gold, an arc he said could drive multi-million-dollar BTC over decades if the last 10–15 years of adoption trends persist. For Solana, the equivalent is less about being “digital gold” and more about becoming a primary venue for stablecoin flows and tokenized securities. If those rails scale and if Solana continues gaining share as a high-velocity, institution-friendly network, Hougan’s trillion-dollar scenario implies the market is still pricing the opportunity too conservatively. At press time, SOL traded at $115.40. Featured image created with DALL.E, chart from TradingView.com
Solana failed to settle above $125 and extended losses. SOL price is now consolidating losses below $120 and might struggle to start a recovery wave. SOL price started a fresh decline below $120 and $115 against the US Dollar. The price is now trading below $120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $116 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $112 or $105. Solana Price Dips Again Solana price failed to remain stable above $125 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $125 and $122 support levels. The price gained bearish momentum below $120. A low was formed at $112, and the price is now consolidating losses. The price recovered a few points and climbed toward the 23.6% Fib retracement level of the downward move from the $128 swing high to the $112 low. Solana is now trading below $120 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $116 level. There is also a key bearish trend line forming with resistance at $116 on the hourly chart of the SOL/USD pair. The next major resistance is near the $120 level or the 50% Fib retracement level of the downward move from the $128 swing high to the $112 low. The main resistance could be $122. A successful close above the $122 resistance zone could set the pace for another steady increase. The next key resistance is $125. Any more gains might send the price toward the $132 level. Another Drop In SOL? If SOL fails to rise above the $116 resistance, it could continue to move down. Initial support on the downside is near the $114 zone. The first major support is near the $112 level. A break below the $112 level might send the price toward the $105 support zone. If there is a close below the $105 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $112 and $105. Major Resistance Levels – $116 and $120.
Solana is rapidly positioning itself as a core hub for tokenized finance following WisdomTree’s deployment of fund infrastructure on the blockchain. The move reflects growing confidence among traditional asset managers in SOL’s ability to support large-scale, regulated financial products with the speed and cost efficiency required by modern capital markets. How Traditional Asset Managers Expand On-Chain Operations WisdomTree’s deployment of $159 billion in fund infrastructure on Solana marks a turning point for how regulated money moves. A research and news site, Genfinity, revealed on X that regulated money market funds are now settling natively on SOL, which means institutional cash flow assets no longer require traditional banking rails. One of the clearest signals is the Government money market digital fund, which already holds around $730 million in on-chain assets. Direct minting eliminates synthetic exposure with real Treasury-backed settlement. This allows retail investors to access institutional-grade financial products with blockchain speed and low costs. The multi-chain deployment is proof that financial institutions prioritize performance over narrative. Currently, SOL is processing the same regulated funds that previously required correspondent banks and a 3-day settlement. The gap between on-chain infrastructure and traditional finance products has just collapsed. An industry-leading commentary on the global capital markets, The Kobeissi Letter, reported that Coinbase has announced it is integrating with Jupiter Exchange directly into its on-chain trading stack. With this move, millions of Solana-based tokens can now be traded on Coinbase for the first time, all through Jupiter on-chain liquidity. Instead of relying on the slow manual process of listing assets on a centralized order book, Coinbase is currently using on-chain infrastructure to provide instant access to Solana-native markets. Under the new integration, users can deploy existing Coinbase balances and payment methods to trade tokens from a self-custodial wallet. “Even the centralized exchanges are moving on-chain,” The Kobeissi Letter noted. Why Liquidity Grabs Often Precede Reversals According to Larskooistra, the local context on Solana is fairly conducive to building a structure. The Price has already completed a Model 2 accumulation schematic, and grabbed all buy-side liquidity while taking the range high and broke market structure back to bearish, creating a supply in the process. Related Reading: Solana Structure Suggests One Final Test Before Bulls Can Step In From a higher-timeframe perspective, this gives a bearish context on BTC whenever accumulation models complete themselves and break the market structure, and then turn back to bearish afterwards, which shows a full reversal towards the lows. Larskooistra expects the equal lows acting as the next liquidity target to be taken out, and is looking for distribution schematics on the current move up. Featured image from Adobe Stock, chart from Tradingview.com
Solana has taken a breather after a sharp 20% sell-off, with the price now stabilizing at a technically significant zone. As volatility cools and consolidation sets in, the market is watching closely to see whether this level acts as a launchpad for a recovery or opens the door to further downside. The next move from here could define SOL’s short-term direction. VAH Rejection Sends SOL Back Into Range Market expert Umair Crypto explained that Solana’s rejection at the Value Area High (VAH) near $141 set the tone for the recent move. After briefly extending to $148, SOL once again failed to flip the psychological $150 level into support, and ultimately triggered a sharp downside reaction, resulting in a nearly 20% decline toward the $117 area. Related Reading: Solana (SOL) Recovery Reaches A Level That Changes Everything Following the sell-off, price rotated back into the same two-month consolidation range, suggesting that the move lower was more of a range continuation than the start of a new trend. SOL is now retesting the Value Area Low flip zone around $128, a level that has repeatedly acted as a short-term pivot between buyers and sellers. If $128 holds and buyers manage to defend this zone, the analyst sees room for a bounce toward $132. Further acceptance above that level could open a path toward the range Point of Control near $138. However, even a move into that region would still reflect range-bound conditions rather than a confirmed bullish breakout. Umair Crypto stressed that SOL remains stuck inside a broad $30 range, offering little directional edge in the middle. An acceptance below $120 would shift the bias firmly bearish. On the other hand, a strong reclaim above $150 would flip the market structure bullish. Until either scenario plays out, the higher-probability outcome continues to lean toward lower prices within the range. SOL Enters A Compression Phase Above Key Support According to a recent market update from BitGuru, Solana has experienced a significant pullback and is now entering a phase of consolidation just above a critical support zone. This type of price compression is a classic technical indicator that the market is preparing for a sharp reaction move. Related Reading: Solana (SOL) Recovery At Risk With Bears Guarding Resistance As volatility narrows and the trading range tightens, the build-up of market energy typically precedes a breakout. The path forward remains binary based on Solana’s interaction with its immediate boundaries. A clean reclaim of the nearby resistance level would signal a return of buyer confidence and a potential shift in momentum. Conversely, a failure to defend this established base would keep significant downside risk active, potentially leading to a deeper correction if the support zone is breached. Featured image from Adobe Stock, chart from Tradingview.com
Despite Solana's validator contraction, non-vote transactions have remained relatively stable at around 100 million per day.
WisdomTree is extending the full suite of its tokenized funds onto Solana, one of its largest non-EVM chain deployments to date.
The company plans to deploy the fresh capital toward yield vaults, onchain trading expansion, and growth across Latin America and Europe.
Solana started a recovery wave above the $125 zone. SOL price is now consolidating and faces hurdles near the $128 zone. SOL price started a decent recovery wave above $122 and $125 against the US Dollar. The price is now trading above $125 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $128 and $130. Solana Price Faces Resistance Solana price remained stable and started a decent recovery wave from $118, like Bitcoin and Ethereum. SOL was able to climb above the $122 level. There was a move above the 61.8% Fib retracement level of the downward move from the $132 swing high to the $117 low. Besides, there was a break above a key bearish trend line with resistance at $124 on the hourly chart of the SOL/USD pair. The bulls even pushed the price above $125. However, the bears remained active near $128. Solana is now trading above $125 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $128 level, and the 76.4% Fib retracement level of the downward move from the $132 swing high to the $117 low. The next major resistance is near the $130 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $142. Any more gains might send the price toward the $145 level. Another Decline In SOL? If SOL fails to rise above the $128 resistance, it could continue to move down. Initial support on the downside is near the $124.50 zone. The first major support is near the $122 level. A break below the $122 level might send the price toward the $117 support zone. If there is a close below the $117 support, the price could decline toward the $105 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $125 and $122. Major Resistance Levels – $128 and $130.
Zora's content coin mechanism enables near-zero-cost token deployment, allowing creators to mint tokens with minimal friction.
Prediction markets on the BNB Chain have seen massive growth over the past months, with the leading platforms within the ecosystem reaching remarkable levels and their cumulative trading volume hitting a new milestone. Related Reading: Bitcoin Price At Risk Of 50% Correction As BTC’s 2022 Bearish Playbook Repeats BNB Chain Sees Prediction Markets Explosion On Monday, BNB Chain announced that prediction markets in the ecosystem reached a new milestone, surpassing the $20.91 billion mark in cumulative trading volume over the weekend. Notably, the BNB Chain has expanded its presence over the past few months, diversifying with key players such as Opinion Labs, Probable, Myriad Markets, Predict.Fun, and XO Markets. Prediction markets are one of the most popular ways to forecast events and manage risk at scale, the BNB Chain explained in a blog post, becoming “powerful tools for smarter decisions in finance, governance, and beyond.” “From elections and sports to AI milestones and macroeconomic shifts, prediction markets transform scattered knowledge into actionable signals. Platforms like Polymarket, which saw over $2B in volume in October 2024, prove that decentralized markets can even outperform centralized forecasters,” they added. According to Dune data, prediction markets within the ecosystem have seen a significant surge since Q4, increasing nearly 89% just in the past month. The data also shows that BNB Chain has taken the lead in weekly trading volume by chain, surpassing off-chain prediction markets, Polygon, Solana, and Base since the start of 2026. Moreover, DeFiLlama data indicate that three platforms in the BNB ecosystem are currently among the top 5 prediction markets, only behind Kalshi and Polymarket, signaling increasing adoption. Opinion Labs ranks third in the list, with its 7-day and 30-day trading volumes reaching $725.56 million and $3.35 billion, respectively. Meanwhile, its open interest exceeded $144 million as of late January. Probable has seen $558 million in volume over the past 7 days and $1.05 billion in the last 30 days. The platform has also reached a $1.4 billion in notional volume and over 17,000 users just a month after its launch. ETF Push And Price Recovery The recent milestone comes as major institutional players share interest in the BNB token. Last week, Grayscale filed an S-1 form with the US Securities and Exchange Commission (SEC) to launch a spot Exchange-Traded Fund (ETF) based on the cryptocurrency. If approved, the Grayscale BNB Trust (GBNB) will “reflect the value of BNB held by the Trust, including BNB earned as Staking Consideration” and offer investors exposure to the token without having to hold it directly. As of this writing, BNB’s price has recovered from Sunday’s correction and is attempting to turn a key area back into support. Market observer Rose Premium Signals highlighted that the cryptocurrency bounced from the strong $860 demand zone after the sharp corrective move. Related Reading: Bitcoin Confirms Bearish Structure After $98,000 Rejection — Here’s The Next Potential Target Moreover, it held the key Fibonacci retracement area, “which increases the probability of a bullish reaction.” If the altcoin successfully reclaims the $900 area as support, the analyst suggested that a retest of the $937 and $980 targets could follow. Featured Image from Unsplash.com, Chart from TradingView.com
Gold's breakout above $5,000 and Clarity Act uncertainty are putting crypto's next market move to the test, Matt Hougan said.
Sharps is increasingly framing passive staking rewards as a recurring cash-flow stream rather than a directional bet on SOL prices.
Solana failed to settle above $132 and extended losses. SOL price is now consolidating losses below $130 and might struggle to start a recovery wave. SOL price started a fresh decline below $132 and $130 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $118 or $115. Solana Price Dips Further Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $130 and $126 support levels. The price gained bearish momentum below $122. A low was formed at $117, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $132 swing high to the $117 low. Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level or the 50% Fib retracement level of the downward move from the $132 swing high to the $117 low. The next major resistance is near the $126 level. There is also a key bearish trend line forming with resistance at $126 on the hourly chart of the SOL/USD pair. The main resistance could be $132. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $144 level. Another Drop In SOL? If SOL fails to rise above the $126 resistance, it could continue to move down. Initial support on the downside is near the $119 zone. The first major support is near the $117 level. A break below the $117 level might send the price toward the $115 support zone. If there is a close below the $115 support, the price could decline toward the $102 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $117 and $115. Major Resistance Levels – $126 and $132.
When Solana maintainers told validators to move quickly on Agave v3.0.14, the message arrived with more urgency than detail. The Solana Status account called the release “urgent” and said it contained a “critical set of patches” for Mainnet Beta validators. Within a day, the public conversation drifted toward a harder question: if a proof-of-stake network […]
The post Terrifying Solana flaw just exposed how easily the “always-on” network could have been stalled by hackers appeared first on CryptoSlate.
Crypto researcher Axel has provided insights into why the Bitcoin, Ethereum, and Solana prices are still crashing. This comes as BTC continues to see a supply overhang, which threatens to put more downward pressure on crypto prices. Why The Bitcoin, Ethereum, and Solana Prices Are Still Crashing In a research report, Axel noted that anomalous exchange inflows accompanied the BTC breakdown below the $90,000 zone as sellers prepared in advance. The market is also still at risk of further selling pressure as the 1.0 level of the short-term holders’ SOPR is now acting as a resistance rather than support. As such, there is a possibility that Bitcoin, Ethereum, and Solana prices will decline further. Related Reading: Altcoin Season In Q1? Bitcoin, Ethereum Breakdown Maps Out Performance Further commenting on Bitcoin netflows into exchanges, Axel noted that between January 20 and 21, almost 17,000 BTC flowed into exchanges, coinciding with BTC dropping to as low as $87,000, while Ethereum and Solana prices also dropped. The crypto researcher explained that these anomalously high values followed a period of predominantly negative netflow in the first half of this month. In the context of the falling Bitcoin price, Axel stated that such a spike is more likely to reflect supply preparation than neutral transfers. In other words, the breakdown below $90,000 appears to be structural rather than emotional. Meanwhile, Bitcoin netflow returned to neutral levels yesterday, but the accumulated inflow still creates a supply overhang, which could lead to further declines in the prices of Bitcoin, Ethereum, and Solana. Axel noted that a signal of improvement would be if netflow turns negative again amid rising prices, which could indicate that the overhang has cleared. However, with the short-term holders’ 7-day SMA SOPR below 0.996, the crypto researcher suggested that BTC faces increased selling pressure on every recovery as these holders look to sell at breakeven. He added that a reversal trigger could be confirmed if the SOPR breaks above 1.0 from below, with the 7-day SMA holding unity for three to five days to filter out false spikes after the selloff. Why A Break Above $100,000 Looks Unlikely For Now In its latest research report, on-chain analytics platform Glassnode explained that a Bitcoin rally above $100,000 looks unlikely for now as the supply overhang persists. They noted how this overhang supply above $98,000 remains the dominant sell-side force capping short to mid-term rebounds. Related Reading: Bitcoin Price Following The 2022 Fractal? Here Was The Previous Outcome Alluding to the Unspent Realized Price Distribution metric, Glassnode noted that the recent BTC rally has partially filled the prior air gap between $93,000 and $98,000, driven by redistribution from top buyers into newer market participants. However, the unresolved supply overhang is expected to likely cap attempts above the $98,400 short-term holders’ cost basis and the $100,000 level. A meaningful and sustained acceleration in demand momentum is said to be required for a clean breakout above $100,000 to occur. Featured image from iStock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"Historically, Ethereum’s successive upgrades have failed to meaningfully enhance network activity on a sustained basis."
The firm plans to use the fresh capital to scale beyond tokenized Treasury products into onchain equity issuance on Ethereum and Solana.
Solana failed to settle above $140 and nosedived. SOL price is now consolidating losses below $135 and might struggle to start a recovery wave. SOL price started a fresh decline below $136 and $135 against the US Dollar. The price is now trading below $135 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $128 or $125. Solana Price Dips Further Solana price failed to remain stable above $140 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $138 and $135 support levels. The price gained bearish momentum below $132. A low was formed at $124, and the price is now consolidating losses. The price recovered a few points and climbed above the 23.6% Fib retracement level of the downward move from the $143 swing high to the $124 low. Solana is now trading below $135 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $134 level or the 50% Fib retracement level of the downward move from the $143 swing high to the $124 low. The next major resistance is near the $136 level. The main resistance could be $138. There is also a key bearish trend line forming with resistance at $138 on the hourly chart of the SOL/USD pair. A successful close above the $138 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level. Another Decline In SOL? If SOL fails to rise above the $133 resistance, it could continue to move down. Initial support on the downside is near the $129 zone. The first major support is near the $125 level. A break below the $125 level might send the price toward the $120 support zone. If there is a close below the $120 support, the price could decline toward the $112 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $129 and $125. Major Resistance Levels – $133 and $138.
Solana Mobile has rolled out its long-awaited SKR token airdrop for Seeker smartphone users and select developers, adding a fresh ecosystem catalyst as SOL trades near a critical technical support zone. Related Reading: What the Triple-Tap At $1.80 Means For The XRP Price The launch comes at a time when Solana’s price is hovering around $120–$130, an area analysts see as decisive for the token’s medium-term direction. SKR debuted at around $0.006 and climbed above $0.01 within hours of launch, pushing its market capitalization past $70 million. More than 100,000 users are eligible to claim the airdrop through the Seeker phone’s built-in wallet over a 90-day window. Any unclaimed tokens will be returned to the general distribution pool. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Solana SKR Airdrop Targets Users and Developers Solana Mobile allocated 30% of SKR’s fixed 10 billion token supply to airdrops and early unlocks. Nearly 2 billion SKR are being distributed to Seeker phone owners and developers who deployed “quality apps” in the Solana dApp Store during Season 1. The company said the token underpins governance, incentives, and economic activity within the Solana Mobile ecosystem. SKR can be staked directly from the Seed Vault wallet, with inflation events occurring every 48 hours. The annual inflation rate starts at 10% and declines by 25% each year until it stabilizes at 2%. The airdrop coincides with the start of Seeker’s Season 2 campaign, which introduces a refreshed app catalog, rewards programs, and a focus on sectors such as DeFi, gaming, payments, trading, and decentralized physical infrastructure (DePIN). Community reaction has been mixed. Some users reported receiving several thousand dollars’ worth of SKR, while others reported allocations closer to $50–$100. Some users expressed disappointment, citing delays in phone delivery and additional shipping costs. SOL Price Near Key Support While SKR draws attention to Solana’s mobile strategy, the SOL token itself is facing a technical test. After breaking below $136, SOL has slipped into the $120–$127 zone, where an ascending trendline from the 2023 lows meets historical horizontal support. This area has previously acted as both resistance and support, making it a closely watched “flip zone” for traders. A sustained hold above $120 could open the door to a recovery toward the $135–$150 range. A breakdown, however, may expose downside targets near $110 or even $100. Related Reading: Trove’s New Token Craters 95%, Sparking Investor Revolt Short-term indicators show some stabilization. SOL recently bounced from around $124 to near $128, supported by renewed ETF inflows of roughly $3.08 million and spot market accumulation of about $9.31 million. These flows suggest buyers are stepping in at current levels. Cover image from ChatGPT, SOLUSD chart on Tradingview
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The explosive growth stems from the virality of Anthropic's Claude Code, creating a feedback loop where speculators launched tokens for trending AI repositories.
Delphi Digital is betting that Solana’s next major upgrade cycle will reposition the network as an “exchange grade” environment capable of supporting onchain order books that can realistically contend with centralized venues on latency, liquidity depth, and market structure. In a Jan. 20 post on X titled “2026 is the Year of Solana”, the research firm argued Solana’s 2026 roadmap is its “most aggressive upgrade cycle” yet, one that “overhaul[s] everything from consensus to infrastructure to become the decentralized Nasdaq.” Why Delphi Digital Calls 2026 “The Year Of Solana” Delphi framed the roadmap less as a grab bag of performance enhancements and more as a capital-markets push: “Solana’s roadmap is about transforming it into an exchange grade environment where a native onchain CLOB can viably compete with CEX latency, liquidity depth, and fairness. Here are all the upgrades making this possible.” In that view, shaving milliseconds matters only insofar as it produces predictable, enforceable execution outcomes for applications like high-frequency trading and central limit order books. The centerpiece, Delphi wrote, is Alpenglow, a consensus redesign it called “the most significant protocol level change in Solana’s history.” The firm said Alpenglow introduces a new architecture built around Votor and Rotor, with Votor changing how validators reach agreement. Rather than “chaining multiple voting rounds together,” validators would aggregate votes offchain and “commit to finality in one or two rounds,” producing “theoretical finality in the 100-150 millisecond range, down from the original 12.8 seconds.” Related Reading: Solana At Risk Of Breakdown After Key Rejection – Is $100 Next? Delphi emphasized Votor’s parallel finalization paths as a resilience feature, not just a speed play. If a block gets “overwhelming support (80%+ stake)” it finalizes immediately; if support is between 60% and 80%, a second round triggers, and finality follows if that also clears 60%. The goal, Delphi argued, is to preserve finality even with unresponsive segments of the network. Alpenglow also introduces what Delphi called a “20+20” resilience model: safety holds as long as no more than 20% of stake is malicious, while liveness persists even if another 20% is offline, “tolerat[ing] up to 40% of the network being either malicious or inactive while still maintaining finality.” Under this design, Proof of History is “effectively deprecated,” replaced by deterministic slot scheduling and local timers. Delphi said the upgrade is expected to roll out in early to mid 2026. Delphi also pointed to Firedancer, Jump’s C++ validator client, as a structural upgrade aimed at reducing a long-standing operational risk. Solana has historically relied on a single client, now known as Agave, and Delphi described that “monoculture” as a central weakness because client-level faults can cascade into broader network halts. Firedancer’s objective, Delphi said, is a deterministic, high-throughput engine that can process “millions of TPS with minimal latency variance.” Ahead of full readiness, Delphi highlighted “Frankendancer,” a transitional build that combines Firedancer’s networking and block production modules with Agave’s runtime and consensus components, as a bridge to “substantially” increased client diversity. On infrastructure, Delphi spotlighted DoubleZero as a private fiber overlay for validators, likening its transmission profile to traditional exchange connectivity: “the same infrastructure traditional exchanges like Nasdaq and CME rely on for microsecond level transmission.” The argument is that as validator sets expand, propagation variance becomes the enemy of tight finality windows. By routing messages along “optimal paths” and supporting multicast delivery, Delphi said DoubleZero can narrow latency gaps across validators—an enabler for both Votor’s quorum formation and Rotor’s propagation design. Related Reading: SOL Price Faces Key Support Amid Solana’s Rapid Network Expansion Delphi also framed Solana’s block-building roadmap as a market-structure project. It described Jito’s BAM (Block Assembly Marketplace) as separating ordering from execution via a marketplace and privacy layer, with transactions ingested into TEEs so “neither validators nor builders can see raw transaction content before ordering takes effect,” reducing pre-execution behavior like frontrunning. Harmonic, meanwhile, targets builder competition by introducing an open aggregation layer so validators can accept proposals from “multiple competing builders in real time,” with Delphi summarizing: “Think of Harmonic as a meta-market and BAM as a micro-market.” Raiku rounds out the thesis by adding deterministic latency and programmable execution guarantees adjacent to Solana’s validator set, using Ahead-of-Time (AOT) transactions for pre-committed workflows and Just-in-Time (JIT) transactions for real-time needs—without modifying L1 consensus. Delphi ultimately tied the technical roadmap to market demand: Solana’s spot trading gravity, the consolidation of onchain perps toward a handful of venues, and the need to reach performance parity with centralized platforms. It cited expectations for “new Solana native perps like Bulk Trade coming early next year,” and pointed to products like xStocks bringing “onchain equities directly to Solana,” arguing that liquidity and attention are consolidating toward a chain with faster settlement, better UX, and denser capital. At press time, SOL traded at $127. Featured image created with DALL.E, chart from TradingView.com
Trove Markets’ new token collapsed almost immediately after trading began, wiping out the vast majority of early gains and leaving many backers angry and confused. The drop was brutal. Traders who bought early watched their holdings shrink by about 95% in a matter of hours. Related Reading: Bitcoin Bulls Fired Up As Saylor Teases ‘Bigger Orange’ After Huge Buy Token Price Plunges After Launch Initial prices implied a market value near $20 million. Based on reports, the token fell to roughly $0.0008 per unit, trimming the market cap to below $1–2 million. Some wallets unloaded huge chunks of coins right after the token generation event. That selling pressure coincided with a flood of posts on social platforms calling the launch a rug pull. Trove Had Raised Millions Before The Fall According to reports, the project raised roughly $11.5 million in its public sale. The Trove team announced it would keep about $9.4 million to fund further work and pay for a switch of blockchains. Refunds totaling about $2.44 million were returned to some investors, and another $100,000 was earmarked for additional reimbursements. The numbers left many buyers feeling shortchanged and asking why a large share of the money stayed with the team. Team Keeps Majority Of Funds On-chain analysts and tracing tools flagged unusual transfers tied to a handful of new accounts. Reports note that a meaningful slice of the token supply moved into one cluster of wallets, and some transfers were routed through services like ChangeHero. That activity raised questions about whether all token allocations were handled openly. Legal calls and demands for public audits followed soon after. Investors reacted quickly. Some demanded full refunds. Others threatened legal steps. Community moderators and influencers amplified complaints and demanded clear timelines for fixes. We’re pivoting Trove to Solana. After recent sentiment around Trove, the liquidity partner that had been supporting our Hyperliquid path chose to unwind their 500k $HYPE position. That was their decision and we fully respect it. This changes our constraints: we’re no longer… — unwise (@unwisecap) January 18, 2026 Trove posted updates, saying a partner had pulled out and that the pivot to Solana was necessary to keep the project alive. The team promised to continue building and to be more open about their choices, while pledging to deliver a working platform that might justify holding the funds. https://t.co/sc8b59sjYE — TROVE (@TroveMarkets) January 19, 2026 Related Reading: Bitcoin Senses Risk As Trump Balks At Europe With Major Tariffs Trust Hinges On Delivery And Transparency What happens next will matter more than the words now being exchanged. If the team can show tangible progress on the exchange and create real trading depth, some anger may fade. If not, the episode could be used as a warning: token sales that change terms late in the process can trigger swift market punishment and reputational damage. Regulatory scrutiny could also increase if large sums are held after a collapse like this. Featured image from Unsplash, chart from TradingView
SKR serves as the native asset designed to power control, economics, incentives, and ownership across the Solana Mobile ecosystem.