The post Solana price risks capitulation below $117 appeared on BitcoinEthereumNews.com.

Solana price remains under heavy pressure as bearish structure persists, with repeated tests of $117 support increasing the risk of a capitulation-style breakdown. Summary Solana continues to print lower highs and lower lows. $117 high-time-frame support has been tested multiple times. Lack of bullish volume raises capitulation risk below support. Solana (SOL) price action continues to deteriorate, with the broader market structure remains firmly bearish. Despite brief relief rallies, SOL has consistently failed to regain upside traction, reinforcing the prevailing downtrend. With price now rotating back toward high-time-frame support at $117, market participants are closely watching this level for signs of either stabilization or failure. Given the lack of bullish participation and the persistence of lower highs, the risk of a capitulation move below support is increasing. Solana price key technical points Bearish market structure intact: Consecutive lower highs and lower lows persist. $117 support under repeated pressure: Multiple tests weaken the level. Lack of bullish volume: Downside risk remains elevated. SOLUSDT (4H) Chart, Source: TradingView From a market structure perspective, Solana remains locked in a clear downtrend. Each attempt at a rebound has resulted in a lower high, signaling that sellers continue to control momentum. The most recent rally from high-time-frame support failed to develop into a sustained move, instead stalling and rolling over into renewed weakness. This behavior suggests that upside moves are corrective rather than impulsive. In trending markets, corrective rallies often provide opportunities for sellers to re-enter positions, further reinforcing downside pressure. $117 support becomes the critical battleground The $117 level has emerged as a pivotal zone on the chart. It represents high-time-frame support that has been tested multiple times over recent sessions. While support can initially attract buyers, repeated tests without meaningful bounces often weaken its effectiveness. Solana’s inability to produce strong follow-through from this region is a warning sign. Each retest…

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Filed under: News - @ January 30, 2026 12:29 am