Why is SOLUSD down 0.50% today?

SOLUSD declined 0.50% on January 31, 2026, due to broader crypto market weakness and technical breakdown below key moving averages. Elevated volume of 368.5 million suggests institutional selling participation. Stochastic indicators in overbought territory despite price weakness indicate potential forced liquidations of leveraged positions.

What is the monthly price forecast for Solana USD?

The monthly forecast for SOLUSD targets $52.30, representing a -49.6% decline from current levels. This aggressive downside target reflects extreme bearish sentiment and would test multi-year support zones. Forecasts may change due to market conditions, regulations, or unexpected events.

What are the key support levels for SOLUSD?

Immediate support sits at $96.52 (today's low), with secondary support at $95.16 (52-week low). The $115.30 level (lower Bollinger Band) acts as dynamic support. Breaking below $96.52 would accelerate selling toward the 52-week low and represent significant capitulation.

Is SOLUSD overbought or oversold?

RSI at 52.08 indicates neutral momentum with no extreme readings. However, Stochastic indicators show %K at 72.60 and %D at 79.37, both in overbought territory. This overbought reading despite price weakness suggests potential pullback risk or forced liquidations.

What does ADX tell us about SOLUSD trend strength?

ADX at 27.02 confirms a strong downtrend remains in place, as readings above 25 indicate directional strength. This strong ADX reading combined with price weakness suggests the downtrend has momentum and may continue until support levels hold.

Crypto Insights

Solana USD Faces -0.50% Daily Decline as $52.30 Monthly Target Looms

ByDanny Kontos February 1, 2026February 1, 2026

Solana USD (SOLUSD) is trading at $103.71 on January 31, 2026, down 0.50% in the last 24 hours. The cryptocurrency faces mounting pressure as it approaches critical support levels. Market data shows SOLUSD has declined 11.82% over the past month, with volume reaching 368.5 million. Technical indicators reveal mixed signals, with RSI at 52.08 suggesting neutral momentum. The monthly forecast of $52.30 represents a significant downside target if current bearish trends persist. Understanding the technical landscape and market sentiment becomes essential for tracking SOLUSD’s next major move.