Solana risks plunge to under $120 as sellers dominate

Solana traded to lows of $128 as the price broke down from above $135.
The technical outlook suggests bears could eye a dip to $120 or lower.
Bitcoin’s trajectory will also dictate broader sentiment.Solana (SOL) price declined by about 4% in the past 24 hours to trade below $130 as of writing on January 20, 2026.
The altcoin’s value slipped amid heightened selling pressure across the broader market, with corrections sending Bitcoin to around $90,600.
For Solana, derivatives metrics