Oh, how the crypto market loves a good sob story. Solana price rose by more than 4% on January 21, because apparently, even digital assets need a therapist to stop crying about their recent dive. The market, ever the cautious recovery, is now pretending it’s not still bruised from the last time it tried to dance.
- Solana price could be on the verge of a strong rebound after forming a cup-and-handle pattern. Because nothing says “bullish” like a shape that looks like a toddler’s doodle.
- Circle launched its Gateway platform on Solana. Because who doesn’t want to move USDC around like it’s the 90s and you’re trying to send a fax?
- Ondo launched its tokenized stocks and ETF trading platforms on Solana. Because nothing says “innovation” like turning your portfolio into a cryptocurrency version of a spreadsheet.
Solana (SOL) token rose to $131, up from this week’s low of $124.90. It remains in a correction after falling by 12.7% from its highest level this month. A correction? More like a midlife crisis for a digital asset.
Solana’s network continued to grow this week, a trend that may accelerate after developers launch the Alpenglow upgrade later this quarter. Alpenglow aims to boost network throughput to over 100,000 transactions per second by overhauling its architecture. Because nothing says “I’m serious about scalability” like renaming your update to something that sounds like a ski resort.
Circle, the creator of USDC launched the Circle Gateway on Solana. This feature now allows developers to enable chain-abstracted USDC that is instantly when and where it is needed for decentralized finance, payments, and treasury rebalancing. Because nothing says “I’m a tech visionary” like making USDC available when and where it’s needed. Who needs privacy or security when you can have instant availability?
Circle Gateway is now available on @solana!
Developers can enable chain-abstracted USDC that’s instantly available when and where it’s needed for DeFi, payments, treasury rebalancing, and more.
→ Non-custodial, chain-abstracted @USDC
→ Frictionless, instant crosschain UX
→…– Circle (@circle) January 21, 2026
Solana has become one of the most popular chains for the USDC stablecoin as it handled transactions worth over $1 trillion last year. That’s more than the GDP of some countries. Maybe they should start printing their own currency.
Meanwhile, Ondo Finance, one of the biggest players in the tokenization industry, launched Ondo Global Markets on Solana. Because who doesn’t want to trade tokenized stocks on a blockchain? It’s like using a slide rule in a world of quantum computers.
Data compiled by DeFi Llama shows that the network has a total value locked of over $521 million, up from zero in September. It has already activated over 200 tokenized stocks and exchange-traded funds. Data compiled by TokenTerminal shows that Solana holds over $1.5 billion in tokenized stocks. Because nothing says “financial freedom” like owning a piece of a stock in digital form.
Solana has become one of the most important network in the crypto industry. Data compiled by Nansen shows that the network handled over $1.9 billion in transactions in the last 30 days, while the number of active addresses jumped by 25% to over 75 million. Because nothing says “success” like a 25% increase in users who still don’t know what a blockchain is.
Solana price technical analysis
The 12-hour chart shows that the SOL token price has pulled back over the past few days, moving from a high of $150 to its current price of $131. A drop so dramatic, it’s like watching a soap opera cliffhanger.
This retreat is a sign that the coin is forming the handle section of the cup-and-handle pattern, a common bullish continuation sign in technical analysis. Because nothing says “bullish” like a shape that looks like a toddler’s doodle.
Therefore, the most likely scenario is where the stock token rebounds and hits the key resistance level at $150. A move above that level will point to more gains, potentially to the 50% retracement level at $185. Because nothing says “optimism” like betting on a number that’s just a guess with a fancy name.
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2026-01-22 00:26