The post SOL Technical Analysis Jan 21 appeared on BitcoinEthereumNews.com.

SOL is experiencing high levels of volatility in the market environment; it’s trading at $126.97 with a daily drop close to 5%. The risk/reward ratio is balanced around 1:1, but under downtrend pressure, capital protection priority approaches are essential. Market Volatility and Risk Environment Solana (SOL) is trading at $126.97 as of January 21, 2026, and experienced a -4.99% drop in the last 24 hours. The daily range was between $124.68 – $134.63, forming an approximately 8% volatility band. Although supported by high trading volume of $5.78 billion, the overall trend is defined as downtrend. RSI at 39.81 is in the neutral zone but carries the risk of approaching oversold; this could trigger sudden rebounds or deeper corrections. Supertrend is giving a bearish signal and $144.80 resistance draws a strong upper boundary. Not trading above EMA20 ($135.49) reinforces short-term bearish momentum. In multi-timeframe (MTF) analysis, a total of 11 strong levels were identified across 1D/3D/1W timeframes: 2 supports/2 resistances on 1D, 1 support/3 resistances on 3D, 2 supports/3 resistances on 1W. This distribution indicates that medium-term risk is more open to downward breaks compared to upward breaks. In terms of volatility, the general fluctuations in the crypto market make SOL dependent on BTC; sudden BTC drops can lead to an additional 10-20% losses in SOL. Traders should model daily movements in the 5-10% band using ATR (Average True Range) based volatility calculations, thereby being prepared for sudden spikes. Risk/Reward Ratio Assessment Potential Reward: Target Levels In a bullish scenario, the $164.0650 target (score:26) offers approximately 29% upside potential from the current price. This level can be validated with MTF resistance breaks and closes above EMA20. However, reaching this target within the downtrend requires strong volume and BTC support; otherwise, rejection risk midway is high. Potential Risk: Stop Levels Bearish target…

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Filed under: News - @ January 21, 2026 5:26 am