Solana Price Plummets 52% to Critical $117 Support

Edgen Crypto

·Jan 26 2026, 06:14

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Key Takeaways

Solana's (SOL) price has fallen to a critical technical support level, creating a pivotal moment for the asset. The decline, which aligns with a broader cryptocurrency market retreat, places SOL at its lowest point since December of the prior year, directly challenging its near-term market structure.

Price Collapse: Solana dropped to a low of $117.38 on January 26, its lowest price point since the previous December.
Significant Drawdown: The current price represents a 52% decrease from the September high of $253.
Critical Support Test: The $117 level is a crucial support zone; failure to hold could trigger an accelerated sell-off, while a successful defense might signal a potential reversal.

SOL Price Falls 52% to Test Critical $117 Support

On Monday, January 26, 2026, Solana's (SOL) price fell to a low of $117.38, establishing a critical test of a major support level. This price point marks the lowest valuation for the altcoin since December of the previous year. The drop is part of a broader market downturn that also affected Bitcoin and other major altcoins. This recent decline extends a significant downtrend for the asset, which is now trading 52% below its September peak of $253.

Price Diverges From Fundamentals at Technical Juncture

The slump to the $117 support zone places Solana at a critical technical crossroads. Market analysts view this level as a make-or-break point; a sustained break below it could invalidate the current market structure and trigger further, accelerated sell-offs. This price weakness occurs despite reports of strong underlying on-chain fundamentals, creating a divergence that introduces significant uncertainty for investors. A failure to hold this support would confirm the prevailing bearish momentum, while a strong bounce could signal that the sell-off is exhausted and attract buyers looking for a reversal.