January 28 News, Solana (SOL) has recently experienced significant changes in the derivatives market. After weeks of cautious observation, traders are beginning to re-enter bullish positions, with more funds betting on higher SOL prices rather than further declines. Data shows that long positions have clearly surpassed short positions, indicating a subtle shift in market sentiment.
Currently, SOL price fluctuates around $127, with a market capitalization of approximately $72 billion. The price continues to hover within a short-term resistance zone. Although a clear breakout has not yet formed, buying interest is gradually recovering. Unlike direct spot purchases, many traders are choosing to position themselves for an upward move through derivatives contracts linked to SOL, which is often seen as a sign of improving short- to medium-term sentiment.
This return of bulls occurs after SOL experienced a period of pressure. Previously, due to cautious market sentiment and some uncertain events, trading activity declined, and many funds temporarily exited the market. Now, some traders believe that negative factors have been priced in, and the risk-reward ratio is once again becoming attractive.
It is worth noting that during the price adjustment, the staking volume on the Solana network remained relatively stable. A large number of tokens are locked for the long term to earn yields, reflecting ongoing confidence among some holders in the network’s fundamentals. Solana is known for its high throughput and low transaction costs, with fast confirmation speeds and low fee thresholds, continuously attracting DeFi projects, on-chain applications, and tokenized assets. This also means that increased network usage often drives actual demand for SOL.
However, the market should remain cautious of potential risks. Past network outages and security incidents are still remembered by some traders, and derivatives-driven markets tend to be highly volatile. When long positions become overly concentrated, even a small correction could trigger a chain of liquidations, rapidly amplifying price fluctuations.
From the data, SOL’s market cap has slightly increased over the past 24 hours, with an increase in long positions reflecting growing buying strength. In the short term, whether SOL can effectively break through key resistance levels still depends on overall market sentiment and the sustainability of funds. However, current signs indicate that market attention to its future performance is once again heating up.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Hits $650B Stablecoin Volume in February, Beats Ethereum and Tron
Solana has reached $650B in stablecoin transfer volume in February, surpassing Ethereum and Tron and doubling its previous record from October 2025. This growth highlights Solana's expanding user base and potential influence in the DeFi sector.
BlockChainReporter1h ago
Solana surpasses Ethereum in the number of RWA asset holders
Gate News Announcement, March 9 — On-chain analysis data shows that the Solana blockchain has surpassed Ethereum in the number of wallets holding tokenized real-world assets (RWA). Currently, Solana leads in the number of wallets holding RWA. Although Solana is ahead in the number of holders, Ethereum still maintains a dominant position in the total value of tokenized assets deployed on-chain. Most major tokenized government bond products and private credit platforms are still based on the Ethereum ecosystem.
GateNews3h ago
Solana partners with Alibaba Shanghai Hongqiao Alibaba Center to establish Solana Shanghai Builder Station, officially opening on March 20.
Solana and Alibaba Shanghai Hongqiao Center collaborate to establish the "Solana Shanghai Builder Station," which will officially open on March 20th. The initiative aims to provide a platform for blockchain developers to communicate and incubate, promote technological co-creation and industry connection, with support from the Shanghai government.
GateNews3h ago
Solana price drops below $85, approaching a critical support level. Will SOL fall to $72? The $80 support becomes the battleground between bulls and bears.
Solana (SOL) has recently continued to weaken, breaking through the $85 and $82 support levels, with market sentiment cautious. Traders are watching the key support level at $80; if it breaks, the price could continue to decline to $72. Technical indicators show a bearish trend, but there is still hope for a short-term rebound, which requires breaking through the $85.50 resistance to improve the market condition.
GateNews4h ago
Solana stablecoin settlement surpasses $650 billion: Funds flow out of Ethereum, on-chain USD payment landscape is changing
Stablecoins have seen a significant increase in blockchain settlement volume, with the Solana network performing outstandingly, reaching $650 billion in transfers by 2026. Their applications have expanded to cross-chain settlements, DeFi collateral, and other areas, with market attention on stablecoins becoming increasingly focused on their role as an important payment layer. User engagement has increased, and stablecoins are transforming into the foundational infrastructure for blockchain payments.
GateNews4h ago
Tokenized gold trading explodes: XAUT's weekly trading volume on Solana surpasses $280 million, reigniting interest in the RWA sector
The blockchain real-world asset market is heating up, with tokenized gold Tether Gold (XAUT) experiencing a significant increase in trading volume on the Solana network, with weekly trading exceeding $280 million. As institutional investors participate more, the market demand for tokenized assets is rapidly expanding, indicating that the RWA market may continue to grow in the future.
GateNews4h ago
