As of January 28, 2026, Solana (SOL) exhibits typical "high beta" behavior—meaning it amplifies overall market volatility. While Bitcoin and Ethereum are stabilizing, SOL is actively attempting to transform its recent "pain zone" into a springboard for recovery. {spot}(SOLUSDT) ## Market Analysis (January 28, 2026) Solana experienced significant volatility at the start of 2026. After encountering substantial pressure earlier this month, its price found strong support around $120. * Current Status: SOL is currently trading at approximately $127.14, up about 2% in the past 24 hours. * Institutional Positive: Despite price volatility, institutional investor interest is surging. Morgan Stanley recently filed an S-1 document proposing the launch of a Solana spot ETF. On-chain metrics show that the total value locked (TVL) is steadily increasing and is currently around $36.6 billion. * Ecosystem Momentum: The Solana network continues to lead the trend of "memecoin launch platforms," and the launch of FRNT stablecoin (the first state-level stablecoin issued by Wyoming on the Solana platform) further solidifies its positive reputation in terms of regulation. ## Short-Term Forecast (January 29, 2026) Looking ahead to tomorrow, SOL price volatility is expected to increase. It has broken through a minor downtrend line and is currently targeting the psychological resistance level of $130. Since SOL's price movements are typically faster than BTC's, greater price volatility is expected if overall market sentiment remains optimistic. ### Expected Price Range (January 29, 2026) | Scenario | Price Range | Probability | |---|---|---| | Continued Recovery | $125.50 – $132.80 | High | | Bullish Breakout | $133.00 – $142.00 | Medium | | Support Retest | $118.00 – $124.00 | Low | ### Key Focus Factors * $131 Resistance: This is the "break-or-break" point this week. A successful break above $131 could lead to a rapid move towards the $145-$150 area. * On-Chain Transaction Volume: Monitor trading volume on decentralized exchanges (DEXs) such as Jupiter. High trading volume for Solana tokens typically creates a "demand squeeze" for SOL tokens to cover gas fees and liquidity. * Funding Rates: Current data shows traders have started going long again. If funding rates rise too quickly, be wary of a "long squeeze," which could cause a price plunge to $120 before a real upward move. > Conclusion: Tomorrow is likely to be a strong test of resistance levels. I expect Solana to trade between $126 and $131. If Bitcoin holds above $90,000, Solana's percentage gain over the next 24 hours could outpace Ethereum. > Would you like me to keep you updated on the progress of the "Firedancer" upgrade, or any specific Layer 2 development developments on Solana that could trigger more sustained price volatility?

BTC surged to $90,000 🤑🤑🤑 This means it could drop to $87,000 🤣🤣🤣 Let me know your thoughts In... 💬👇👇👇 #MEME #WriteToEarnUpgrade $ETH $XRP {future}(ETHUSDT)

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