🟣 Solana Price Prediction: $SOL Breaks $125, Hits $104

Solana slid sharply over the past few sessions, extending a short-term selloff and breaking below several nearby support levels on the daily chart.

The move accelerated after $SOL failed to hold above the $125–$130 area, where price had been consolidating in late January. Once that zone gave way, sellers pushed the token lower in quick succession, sending price down toward the $104 area by early Feb. 3. The decline unfolded over multiple red daily candles, signaling sustained selling rather than a single liquidation event.

At the same time, $SOL moved decisively below its 50-day exponential moving average, which had been tracking near $128. That level had acted as dynamic support through much of December and January. However, as price slipped under it, the average flipped into overhead resistance, reinforcing downside pressure during subsequent sessions.

Momentum indicators also weakened. The relative strength index dropped toward the low 30s, reflecting growing bearish momentum as the selloff progressed. Meanwhile, volume expanded during the down days, pointing to increased participation on the sell side as price moved lower.

Earlier attempts to stabilize near $120 failed to attract follow-through buying. Instead, price rolled over again, breaking a short rising trendline that had formed during the late-January bounce. That breakdown marked the latest lower low on the chart, keeping the near-term structure pointed downward.

Overall, the past few days showed a clear shift in control from buyers to sellers, with Solana retracing a large portion of its January gains as downside momentum built across the daily timeframe.

🔸 TD Sequential flags Solana shift, Ali Charts says

Meanwhile, Market analyst Ali Charts said the TD Sequential indicator called Solana’s local top on Jan. 9 and has now flipped to a buy signal.

In a post on X, Ali Charts said the indicator “perfectly timed” the earlier peak in SOL and now suggests a potential turnaround after the recent slide.

‍#SOL #Solana