Published date: February 1, 2026 18:04
After falling from the $120 level, Solana (SOL) price has fallen below the moving average, suggesting further decline.
Long-term forecast for SOL price: bearish
Since November 21, 2025, Solana has been above the $120 support but below the moving averages and the $150 resistance level. Buyers had previously pushed the altcoin above the moving averages, but it rebounded at the $148 high. This rejection caused the altcoin to drop below the moving averages but remain above the current support at $120.
Selling pressure resumed as prices corrected upwards, but was again rejected by the moving averages. Today, SOL fell below the $120 support level and reached a low of $96 before recovering. On the downside, if the bearish momentum continues, Solana could fall to lows of $95 and $78.
technical indicators
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Main supply zones: $220, $240, $260 -
key Demand zone: $140, $120, $100
SOL price indicator
The 21-day moving average and 50-day moving average are horizontally sloping. When the 21-day SMA crosses the 50-day SMA support, it becomes tilted, indicating a decline. The 21-day and 50-day SMAs are trending down on the 4-hour chart, indicating a decreasing trend.
What’s Solana’s next move?
Solana price is declining as the bears have broken below the $120 support. As previously reported by Coinidol.com, the bears have put an end to the continuous sideways trend that had been in place since November 21, 2025. On the 4-hour chart, the cryptocurrency price fell to a low of $96 before rising higher. The upward correction stopped at the $108 high and the altcoin resumed its decline.
Disclaimer. This analysis and forecast is the author’s personal opinion. The data provided was collected by the creator and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrencies and should not be considered an endorsement by Coinidol.com. Readers should do their research before investing in a fund.
