Momentum indicators remain mixed. The RSI is hovering in the low-to-mid 40s, indicating weak momentum without entering oversold territory, which supports continued consolidation. Meanwhile, the Chaikin Money Flow (CMF) is negative, showing capital outflows and limited buying conviction. Together, these indicators suggest that upside attempts may struggle unless volume improves. As long as the price holds above $118, downside risk appears contained, but a move above $133–$135 is needed to shift momentum decisively higher.
Based on the current range structure, Solana price is likely to remain range-bound into the end of January. As long as the price holds above the $118–$120 support zone, SOL could attempt another push toward $133–$135, which remains the key upside barrier. A rejection near that level would keep the SOL price oscillating within the range.
Looking into early February, a sustained move above $135 could open the door toward $140–$144, retesting prior highs. Conversely, a loss of $118 would weaken the structure and expose a downside toward $112–$110.
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