{"id":5832,"date":"2026-01-20T17:33:58","date_gmt":"2026-01-20T17:33:58","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5832"},"modified":"2026-01-20T17:33:58","modified_gmt":"2026-01-20T17:33:58","slug":"solana-risks-plunge-to-under-120-as-sellers-dominate","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5832","title":{"rendered":"Solana risks plunge to under $120 as sellers dominate"},"content":{"rendered":"<p><\/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\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/Aug_29_.jpg\" alt=\"Solana Coin\" width=\"100%\" height=\"100%\"\/>\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 around $90,600.<\/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 shown 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 shows 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 fetchpriority=\"high\" 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\">Solana price chart 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>Markets,Solana price#Solana #risks #plunge #sellers #dominate1768930438<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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% in the past 24 hours to trade below $130 as of writing on January<\/p>\n","protected":false},"author":1,"featured_media":5833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-5832","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana risks plunge to under $120 as sellers dominate - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Solana price dipped under $130 on Tuesday, breaking below the key level as bearish pressure mounted across crypto\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5832\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana risks plunge to under $120 as sellers dominate\" \/>\n<meta property=\"og:description\" content=\"Solana price dipped under $130 on Tuesday, breaking below the key level as bearish pressure mounted across crypto\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5832\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-20T17:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/Aug_29_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"739\" \/>\n\t<meta property=\"og:image:height\" content=\"461\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5832\",\"name\":\"Solana risks plunge to under $120 as sellers dominate - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/Aug_29_.jpg\",\"datePublished\":\"2026-01-20T17:33:58+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Solana price dipped under $130 on Tuesday, breaking below the key level as bearish pressure mounted across crypto\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=5832\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/Aug_29_.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/Aug_29_.jpg\",\"width\":739,\"height\":461},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5832#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Solana risks plunge to under $120 as sellers dominate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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