Solana Price Analysis: Bearish Momentum Drives SOL Below $117 POC

Solana price analysis reveals a shift in market sentiment as SOL drops below its Point of Control at $117.56, triggered by significant long liquidations and declining open interest.

Solana price analysis reveals a shift in market sentiment as SOL drops below its Point of Control at $117.56, triggered by significant long liquidations and declining open interest.

Ethereum ETH price weakness intensified on January 31, 2026, as liquidations, declining liquidity, and broader crypto market stress pushed ETH below key support levels.

Bitcoin BTC price plunged below $80,000 on January 31, 2026, as forced liquidations, macro uncertainty, and declining risk appetite intensified selling pressure across crypto markets.

Solana SOL showed signs of short-term rebound on January 31, 2026, as the token held key support and climbed amid episodic market volatility, despite lingering bearish pressures.

Ripple XRP price experienced significant weakness on January 31, 2026, as broader crypto markets slid and traders reassessed risk appetite following macroeconomic shifts.

Chainlink LINK price moved lower on January 31, 2026, as market-wide deleveraging and reduced risk appetite impacted DeFi-related tokens.

Avalanche AVAX price declined on January 31, 2026, as market-wide deleveraging and reduced liquidity weighed on high-beta digital assets.

Cardano ADA price remained under pressure on January 31, 2026, as broader crypto market weakness and risk-off sentiment weighed on altcoins.

Tron TRX price moved lower on January 31, 2026, as market volatility and declining risk appetite pressured high-throughput blockchain assets.

Binance Chain BNB price declined on January 31, 2026, as market deleveraging and reduced trading activity pressured exchange-linked tokens.

Stellar XLM price moved lower on January 31, 2026, as declining risk appetite and market-wide deleveraging weighed on payments-oriented crypto assets.

Polkadot DOT price remained under pressure on January 31, 2026, as risk-off sentiment and declining liquidity weighed on interoperability-focused blockchain assets.