Solana’s Price Faces Bearish Outlook in 2026
Solana (SOL) has found itself under mounting pressure in early 2026, unable to retain gains amidst broader market struggles. On January 26, SOL was trading near $122, presenting an 8% decline from the previous week. Despite a surge in institutional investments, where $17 million in inflows was recorded, Solana continues to align with bearish trends observed in Bitcoin, Ethereum, and XRP.
Institutional Inflows Amid Crypto Market Decline
While digital asset products saw consistent outflows—amounting to $1.73 billion last week—Solana stood out. It recorded a positive inflow of $17 million, as revealed in CoinShares’ recent report. This performance stands in contrast to Bitcoin, Ethereum, and XRP, which collectively recorded $1.738 billion in outflows over the same period.
Despite these inflows, the downward trend of Solana was not mitigated. Analysts pin this on macroeconomic headwinds and profit-taking behavior following its highs in 2025. Factors such as dwindling expectations for interest rate cuts and negative investor sentiment have kept the token in a bearish zone.
Could Solana Hit $100?
The most significant worry for Solana investors is whether its price could slide further to test the $100 support level. The current technical indicators suggest a potential bearish continuation.
- The MACD (Moving Average Convergence Divergence) displays negative momentum created by histogram divergence.
- The daily RSI (Relative Strength Index) is hovering in the neutral zone between 40-46, providing no clear signal for a rebound soon.
If additional downward pressure continues, Solana’s price may break below $120, with subsequent targets set at $118 and $112. On the other hand, a rebound maintaining support above $130 could generate bullish momentum, potentially pushing Sol to $150 or even $200 in the long term.
Technical Outlook and Long-Term Potential
Despite the present bearish sentiment, Solana’s robust network fundamentals hint at long-term value for investors. With continued development in scalable blockchain technology, Solana remains one of the top competitors in the decentralized application (DApp) and NFT space.
In the short term, interested investors can monitor product-specific investment tools to balance risk. Platforms like eToro allow users to explore digital asset investments while providing access to trending cryptocurrencies, including Solana.
Conclusion
Solana faces challenging weeks ahead with its potential dip to $100 as a possible reality. However, long-term bullish prospects remain intact due to the project’s solid fundamentals and continuous institutional interest. Whether you are looking to invest or hold, staying informed about the market’s latest dynamics will be crucial.
Explore Solana investment opportunities on eToro to stay ahead of the game and benefit from real-time analysis tools.
