Solana failed to settle above $132 and extended losses. SOL price is now 
consolidating losses below $130 and might struggle to start a recovery wave. 
SOL price started a fresh decline below $132 and $130 against the US Dollar. 
The price is now trading below $130 and the 100-hourly simple moving average. 
There is a key bearish trend line forming with resistance at $126 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
start a recovery wave if the bulls defend $118 or $115. Solana Price Dips 
Further Solana price failed to remain stable above $132 and started a fresh 
decline, like Bitcoin and Ethereum. SOL declined below the $130 and $126 
support levels. The price gained bearish momentum below $122. A low was formed 
at $117, and the price is now consolidating losses. The price recovered a few 
points and climbed above the 23.6% Fib retracement level of the downward move 
from the $132 swing high to the $117 low. Solana is now trading below $130 and 
the 100-hourly simple moving average. On the upside, immediate resistance is 
near the $125 level or the 50% Fib retracement level of the downward move from 
the $132 swing high to the $117 low. The next major resistance is near the 
$126 level. There is also a key bearish trend line forming with resistance at 
$126 on the hourly chart of the SOL/USD pair. The main resistance could be 
$132. A successful close above the $132 resistance zone could set the pace for 
another steady increase. The next key resistance is $140. Any more gains might 
send the price toward the $144 level. Another Drop In SOL? If SOL fails to 
rise above the $126 resistance, it could continue to move down. Initial 
support on the downside is near the $119 zone. The first major support is near 
the $117 level. A break below the $117 level might send the price toward the 
$115 support zone. If there is a close below the $115 support, the price could 
decline toward the $102 support in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. 
Major Support Levels – $117 and $115. Major Resistance Levels – $126 and $132.

Solana (SOL) Slips Further As Bears Target Deeper Support Zones

Japan is edging closer to approving spot cryptocurrency exchange-traded funds, 
with regulators signaling that the first products could be cleared for listing 
as early as 2028. A report published by Nikkei Asia on Jan. 26 said the 
Financial Services Agency…

Japan regulators expected to approve spot crypto ETFs by 2028

Bitcoin has fallen nearly 30% since a major market crash in October, while 
traditional safe havens like gold and silver have soared.

Majority of institutional investors say Bitcoin is undervalued: Coinbase

Tokenization and U.S. crypto rules moved to the center of global finance as 
Coinbase CEO Brian Armstrong said Davos talks showed regulators, banks, and 
corporations aligning around digital assets and the CLARITY Act. Tokenization, 
Crypto Regulation Take Center Stage at Davos Coinbase CEO Brian Armstrong 
shared on social media platform X on Jan. 24 reflections […]

Coinbase Spotlights Davos Momentum Toward Tokenization and CLARITY Act

XRP price extended losses and traded below $1.880. The price is now 
consolidating and might decline further if it remains below $1.920. XRP price 
started a fresh decline below the $1.90 zone. The price is now trading below 
$1.90 and the 100-hourly Simple Moving Average. There is a key bearish trend 
line forming with resistance at $1.885 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair could continue to move down if it stays 
below $1.90. XRP Price Dips Further XRP price failed to stay above $1.950 and 
started a fresh decline, like Bitcoin and Ethereum. The price declined below 
$1.920 and $1.90 to enter a short-term bearish zone. The price even spiked 
below $1.850. A low was formed at $1.810, and the price is now consolidating 
losses. There was a recovery wave above $1.850. The price cleared the 23.6% 
Fib retracement level of the downward move from the $1.963 swing high to the 
$1.810 low, but the bears remained active. The price is now trading below 
$1.90 and the 100-hourly Simple Moving Average. If there is a fresh upward 
move, the price might face resistance near the $1.8850 level and the 50% Fib 
retracement level of the downward move from the $1.963 swing high to the 
$1.810 low. There is also a key bearish trend line forming with resistance at 
$1.885 on the hourly chart of the XRP/USD pair. The first major resistance is 
near the $1.90 level. A close above $1.90 could send the price to $1.950. The 
next hurdle sits at $2.00. A clear move above the $2.00 resistance might send 
the price toward the $2.050 resistance. Any more gains might send the price 
toward the $2.120 resistance. The next major hurdle for the bulls might be 
near $2.20. Downside Break? If XRP fails to clear the $1.90 resistance zone, 
it could start a fresh decline. Initial support on the downside is near the 
$1.840 level. The next major support is near the $1.820 level. If there is a 
downside break and a close below the $1.820 level, the price might continue to 
decline toward $1.780. The next major support sits near the $1.750 zone, below 
which the price could continue lower toward $1.70. Technical Indicators Hourly 
MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly 
RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. 
Major Support Levels – $1.840 and $1.820. Major Resistance Levels – $1.8850 
and $1.90.

Cryptocurrency price in BHD