Solana's recent one-month trend can be summarized as "initial surge followed by decline." As of January 21, the price of SOL stands at $127.37, which is a 4.6% drop compared to 24 hours ago and approximately a 12% decline over the past week.
Looking back over the past four weeks, SOL's trajectory is indeed worth reviewing. In mid-January, boosted by expectations of ETF approval and network upgrades, SOL once surged to a high of $144, with market sentiment being quite optimistic. However, on the 19th, geopolitical tensions and tariff news disrupted this momentum, pushing the price down to around $124, marking a significant correction.
From a technical perspective, the $120-$130 range has formed a key support level, while $140 serves as a recent major resistance. In the short term, the market still leans towards sideways and weak patterns. Close attention should be paid to the progress of the Federal Reserve meeting and SOL's unlocking schedule, as these factors could trigger the next wave of price movements.
For trading strategies, high sell and low buy remain more stable options. Don't forget to set stop-loss points; the $120 level can serve as an important reference.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
7
Repost
Share
Comment
0/400
0xInsomnia
· 14h ago
It's the same old story of buy high and sell low; it feels like I say this every time.
View OriginalReply0
GasFeeLady
· 17h ago
honestly the 120-130 range is just cooking rn... been watching the gwei swings more than sol's actual chart tbh, but yeah the technicals are screaming optimal entry window if fed doesn't mess with us again
Reply0
ChainDetective
· 17h ago
Another high dive... from 144 to 127, even the auntie was shaken out.
View OriginalReply0
SnapshotDayLaborer
· 17h ago
144 drops to 127, this wave is really painful, still need to hold at 120
View OriginalReply0
SelfRugger
· 17h ago
144 drops to 127, this wave still hurts a bit...
---
Again, buy the dip and sell the rally, easy to say, but the mentality explodes when actually trading
---
Can the 120 support hold? I'm a bit skeptical
---
ETF positive news can't even be absorbed, SOL indeed underperformed this wave
---
Let's wait for the Federal Reserve meeting, anyway, 120-130 will just swing like this
---
Set the stop-loss at 120, what if it drops straight through...
---
Keep a close eye on the unlocking and dumping
---
Falling from 144 to 127, how painful must it be for those who chased the high
---
The market is weak, don't expect a V-shaped rebound
View OriginalReply0
AirdropCollector
· 17h ago
Another volatile market, so annoying.
View OriginalReply0
QuorumVoter
· 18h ago
Once again, geopolitical news caused a dump. This move is really frustrating. It dropped directly from 144 to 124, and now we have to keep defending at 120?
Solana's recent one-month trend can be summarized as "initial surge followed by decline." As of January 21, the price of SOL stands at $127.37, which is a 4.6% drop compared to 24 hours ago and approximately a 12% decline over the past week.
Looking back over the past four weeks, SOL's trajectory is indeed worth reviewing. In mid-January, boosted by expectations of ETF approval and network upgrades, SOL once surged to a high of $144, with market sentiment being quite optimistic. However, on the 19th, geopolitical tensions and tariff news disrupted this momentum, pushing the price down to around $124, marking a significant correction.
From a technical perspective, the $120-$130 range has formed a key support level, while $140 serves as a recent major resistance. In the short term, the market still leans towards sideways and weak patterns. Close attention should be paid to the progress of the Federal Reserve meeting and SOL's unlocking schedule, as these factors could trigger the next wave of price movements.
For trading strategies, high sell and low buy remain more stable options. Don't forget to set stop-loss points; the $120 level can serve as an important reference.