Technical Analysis

SOL Intraday Analysis: January 28, 2026 Short-Term Strategy

SOL

SOL/USDT

$123.51
+4.52%
24h Volume

$4,421,258,998.42

24h H/L

$125.60 / $117.53

Change: $8.07 (6.87%)

Long/Short
80.8%
Long: 80.8%Short: 19.2%
Funding Rate

+0.0014%

Longs pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$123.51

3.92%

Volume (24h): -

Resistance Levels
Resistance 3$150.6298
Resistance 2$132.9262
Resistance 1$126.9633
Price$123.51
Support 1$119.4918
Support 2$115.4767
Support 3$92.8216
Pivot (PP):$122.5467
Trend:Downtrend
RSI (14):39.9
MR
Michael Roberts
(09:07 PM UTC)
4 min read
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SOL under intraday pressure at 125.64$ level; holding or breaking nearby supports critical. Narrow range movement expected in the next 24-48 hours, risk high.

Short-Term Market Outlook

SOL consolidating around 125.64$ with a daily -1.29% drop. Today's range narrowing at 125.26$ - 128.34$, overall trend downward. Price remaining below EMA20 (125.73$) gives short-term bearish signal, but MACD histogram turning positive implies possible momentum shift. RSI at 48.61 in neutral zone; neither overbought nor seller dominance. Supertrend giving bearish signal with resistance at 131.93$. In MTF context, 12 strong levels detected in 1D/3D/1W timeframes: 1D 2 supports/3 resistances, 3D 1 support/3 resistances, 1W 2 supports/3 resistances. This paints a short-term volatility-prone picture. Volume at 3 billion$ medium level; no sudden breakout. News flow calm, indicating technical levels will be decisive. In the next 24-48 hours, price likely to squeeze in 124-129$ corridor, but BTC movements may affect altcoins. For active traders, scalp opportunities in nearby support/resistance zones, but stick to invalidation points.

Intraday Critical Levels

Nearby Support Zones

Most critical support 124.4729$ (score: 85/100); this is intraday pivot and low-volume base of recent days. On break, 123.1200$ (score: 66/100) immediately below activates, aligned with 1D support. Drop below these zones could accelerate downside toward 117.1500$. If holds, signal for recovery above 125$.

Nearby Resistance Zones

First resistance 126.4574$ (score: 62/100); just above current price, clashing with EMA20. Next 129.4513$ (score: 71/100) main barrier, Supertrend resistance at 131.93$. Above 132.8464$ (score: 64/100). These levels should be monitored tightly; for scalp traders, 125.64-126.46$ zone ideal, but keep risk/reward ratio above 1:2.

Momentum and Velocity Analysis

Short-term momentum mixed: MACD bullish histogram shows buying momentum, while Supertrend and EMA position create bearish pressure. RSI at 48.61 no divergence, no sudden breakout signal. For velocity analysis, intraday volatility low (%2.6 range), suited for range trading. Upside velocity requires close above 126.46$; downside 124.47$ break trigger. On 4H chart, momentum oscillators (RSI/MACD) neutral, slight bearish divergence on 1H. Volume profile high in 125-126$ zone; liquidity collection area. Traders, seek momentum shift on tests of these levels; due to high fakeout risk, place stop-losses 0.2-0.5% outside levels.

Short-Term Scenarios

Upside Scenario

Triggered by intraday close above 126.4574$; target 129.4513$, then 131.93$ Supertrend. Upside target 133.8417$. Trigger: BTC above 89,200$ and volume increase. Invalidation: close below 124.4729$. Scenario probability low (score 34), but MACD support allows scalp longs. Risk: quick pullback on false breakout.

Downside Scenario

Activates on 124.4729$ break; target 123.1200$, then downside 117.1500$. Trigger: BTC 88,913$ support test. Invalidation: close above 126.4574$. Probability high (score 48), aligned with EMA20 pressure. Short scalp opportunities from 126$ to 124.47$; patience required in low volatility.

Bitcoin Correlation

BTC sideways at 89,103$ level (%-0.38), Supertrend bearish - cautious for altcoins. SOL highly correlated with BTC; BTC supports at 88,913$ / 87,393$ / 86,075$ breaks pull SOL below 123$. Resistance above 89,199$ / 90,681$ / 92,052$ supports SOL rebound. If BTC dominance rises, SOL stays under pressure; monitor BTC levels for SOL Spot Analysis and SOL Futures Analysis. Short-term, expect tight SOL range in BTC range.

Daily Summary and Monitoring Points

- Key watch: 124.4729$ support test / 126.4574$ resistance break.
- Momentum shift: MACD histogram expansion / RSI above 50.
- BTC alert: below 88,913$ accelerates SOL downside.
- Volume breakout: above 3B$ increases volatility.
- Risk management: Limit positions to 1-2% risk, keep invalidations tight (0.3% distance). Short-term trades high risk; do not exceed 5% of capital, avoid emotional decisions. This analysis valid for 24-48 hours; re-evaluate. Main focus: scalp in tight levels, swing on range breakout.

This analysis uses Chief Analyst Devrim Cacal's market views and methodology.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.

MR
Michael Roberts

Expert technical analysis and market insights. Follow us for the latest cryptocurrency analysis.

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