SOL Price Prediction: Targets $135-142 Recovery by February Despite Current Bearish Momentum
Jessie A Ellis Jan 29, 2026 13:30
Solana trades at $123 with RSI at 40.53 showing neutral conditions. Technical analysis suggests $135-142 recovery targets possible by February if bulls defend $119 support levels.
SOL Price Prediction Summary
• Short-term target (1 week): $129-135
• Medium-term forecast (1 month): $135-150 range
• Bullish breakout level: $142
• Critical support: $119
What Crypto Analysts Are Saying About Solana
While specific analyst predictions are limited for this week, earlier January forecasts from cryptocurrency analysts remain relevant for SOL price prediction analysis. According to previous technical assessments, Solana showed potential for targets around $150-162, though current market conditions have shifted these timeframes.
On-chain data suggests mixed sentiment as Solana's trading volume remains robust at $245.4 million over 24 hours, indicating continued institutional and retail interest despite the recent 3.34% decline.
SOL Technical Analysis Breakdown
Solana's current technical picture presents a mixed but potentially recovering scenario. The RSI reading of 40.53 sits in neutral territory, suggesting neither oversold nor overbought conditions—a healthy position for potential upside momentum.
The MACD histogram at 0.0000 indicates bearish momentum has potentially reached equilibrium, while the MACD line at -2.8752 matches its signal line, suggesting a possible trend reversal point.
Most notably, SOL's Bollinger Band position at 0.1939 shows the price trading near the lower band support at $116.46, with the middle band (20-day SMA) at $133.32 serving as the primary resistance target. The upper band at $150.17 aligns with earlier analyst forecasts.
Key moving averages reveal the challenge ahead: while the 7-day SMA at $124.75 sits just above current price, longer-term averages remain elevated with the 200-day SMA at $170.97 indicating significant overhead resistance.
Solana Price Targets: Bull vs Bear Case
Bullish Scenario
If SOL successfully holds above the strong support at $119.02, the Solana forecast points to a recovery toward $129.86 (strong resistance) within 7-10 days. A break above this level could trigger momentum toward the Bollinger Band middle line at $133.32.
The ultimate bullish target remains the previous analyst forecast zone of $142-150, which would require breaking through multiple resistance layers and achieving sustained volume above current levels.
Bearish Scenario
Failure to maintain support at $119.02 could trigger a deeper correction toward the Bollinger Band lower support near $116.46. A break below this psychological level might lead to testing the $110-112 zone, representing approximately 10% downside risk from current levels.
The concerning factor is the distance from the 200-day moving average, suggesting any major market downturn could pressure SOL toward $100 levels.
Should You Buy SOL? Entry Strategy
For SOL price prediction positioning, consider a layered approach. Initial entries around $121-123 offer proximity to current support with stop-losses below $118.50 to limit downside exposure.
More aggressive buyers might wait for a break above $126.43 (immediate resistance) with confirmation volume, targeting the $129-133 resistance zone for shorter-term gains.
Conservative investors should monitor the $119 support level closely—a decisive break below warrants waiting for clearer technical confirmation before establishing positions.
Conclusion
The SOL price prediction for February suggests cautious optimism with targets of $135-142 possible if current support levels hold. While the immediate technical picture shows neutral momentum, Solana's strong fundamentals and previous analyst targets of $150+ remain achievable in a favorable market environment.
However, traders should remain vigilant of the $119 support level, as a break below could shift the Solana forecast toward deeper correction territory. Risk management remains crucial given cryptocurrency market volatility.
Disclaimer: Cryptocurrency price predictions involve significant risk and uncertainty. This analysis is for informational purposes only and should not constitute financial advice. Always conduct your own research and consider your risk tolerance before making investment decisions.
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