Solana Faces Setback as Price Dips Despite Strong On-Chain Metrics
SOL has slipped below key intraday levels while on-chain indicators remain resilient; analysts point to $119 as a critical support.
Solana’s token has weakened in recent sessions, with price declines occurring even as several on-chain metrics show strength, according to reporting on the divergence between network activity and market price [1].
Technical reads show SOL failed to settle above $132 and extended losses below $130, trading under the 100-hour simple moving average; a bearish trend line is now providing resistance near $126, which could curb near-term recovery attempts [2].
Market commentators are watching support around $119 (and nearby $118 and $115 levels); analysts warn that losing these zones could open the door to deeper pullbacks, after repeated rejection near $144 shifted the outlook lower [3][5].
Price data cited by regional coverage shows recent short-term losses — a roughly 7.13% drop over 24 hours and about a 17.23% decline on the week — illustrating the extent of selling pressure even as brief, fragile bounces occur [4].
Observers say holding the $119 area would signal a contained correction, while a break below that level could indicate a deeper corrective phase for SOL [5][2].
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Citations
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- 1Solana Faces Setback as Price Dips Despite Strong On-Chain MetricsCoinFutura• Jan 26, 2026
- 2Solana (SOL) Slips Further As Bears Target Deeper Support ZonesNewsBTC• Jan 26, 2026
- 3Solana Slides Toward $119 as Analyst Flags Risk of Deeper Losses Ahead36Crypto• Jan 25, 2026
- 4Solana Slides Toward $118 as Selling Pressure Dominates Short-Term TrendETHNews• Jan 25, 2026
- 5Solana Crypto Risks Deeper Pullback Toward $119 Support – Here Is What Analysts Are WatchingBlockNews• Jan 26, 2026
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