🟣 Solana Price Prediction: Can $SOL Rebound After 59% Drop?
Solana slid from about $247 to near $101.43, a drop of roughly 59%, as the selloff extended into early February.
Solana price slide keeps pressure on bounces
Crypto trader TIMA (@timaxbt) pointed to the move in an X post, saying buyers who entered near $247 are now deep underwater as price continues to grind lower. He also described the latest volume surge as capitulation style trading and argued that rebounds have failed quickly.
The chart supports a broader downtrend. After trading above $180 to $200 in October, SOL rolled over and printed a series of lower highs through November and December. Price then moved mostly sideways in a lower range before slipping again in January.
The latest leg down pushed SOL from the low $120s into the $100 area in a fast sequence of red candles. At the same time, the volume bars expanded into the selloff, including a visible spike near the recent drop, which signals heavier turnover as price broke into a new local low zone.
Solana tests key support as chart debates double bottom versus deeper retrace
The weekly chart shared by market analyst Gally shows $SOL pulling back into a long-term support band after failing to hold above the $180–$200 region. Price has moved steadily lower since mid-January, breaking below trend support and sliding toward the high $90s, where prior demand zones sit.
On the chart, two nearby lows have formed around the current level, raising the question of a possible double-bottom structure. At the same time, the move also fits a broader retracement within the larger cup-shaped formation that spans multiple years. A deeper pullback toward the $79 area remains visible as the next major horizontal support if current levels fail to hold.
The structure shows repeated rejections near descending resistance, while volume expanded during the latest drop, pointing to heavy participation on the selloff. Momentum indicators on the lower panel remain weak, reflecting continued downside pressure rather than a confirmed reversal.
👁️ These are the Altcoins to Definitely Watch This Week!
Crypto analyst The DeFi Analyst shared the altcoins he will be following and important macroeconomic developments in the new week.
ONDO tops the list. The Ondo Summit event will begin on February 3rd. It is believed that any announcements made during the summit for this project, which operates in the field of real-world asset (RWA) tokenization, could impact the price. Another significant development will take place on the same day with LDO. The Lido V3 update will be rolled out on February 3rd.
Significant activity is expected on the FLUID front on February 4th, with the launch of Venus Flux, a new version of the Fluid money market. On February 3rd, Chiliz (CHZ) will unveil its “Vision 2030” plan.
On the Optimism (OP) side, a new tokenomics initiative is taking place, starting in February. The project announced it will use 50% of Superchain revenue for OP token buybacks. This move is said to have potential long-term effects on the circulating supply. Meanwhile, Story (IP) announced the end of its $82 million buyback program today.
On February 6th, 140,000 HYPE tokens will be distributed to the Hyperliquid team. On the same day, a significant unlocking will also take place on the BERA side. This will unlock tokens representing 41% of the circulating supply, worth approximately $31 million at current prices.
Jupiter (JUP) is preparing to make additional major announcements at the CatLumpurr event.
In addition to altcoin developments, there are also critical macroeconomic headlines. Michael Saylor’s company, Strategy (MSTR), will hold its earnings meeting on February 5th. Any potential updates regarding the company’s Bitcoin holdings will be closely watched by the market.
🫨 Shiba Inu Open Interest Crashes 11% as $SHIB Price Hits Near 3-Year Low
Shiba Inu fell to lows last seen in October 2023 as the crypto market deepened a sell-off that has persisted in recent weeks.
A total of $2.45 billion has been liquidated alone in the last 24 hours following a weekend drop, with significant losses recorded among most digital assets. Long positions accounted for the majority of liquidations, coming in at $2.27 billion, with shorts accounting for only $180 million.
This imbalance points to traders being caught unawares by the crash while staying optimistic about a rebound after weeks of range-bound price action in the markets.
Amid the price drop, Shiba Inu saw its open interest crash, falling 11%. Shiba Inu's open interest came in at $75.74 million, with futures flow dropping 193% in the last 24 hours, suggesting traders reducing exposure in the derivatives market.
Thin weekend liquidity increased selling pressure as trading volumes declined into the weekend, a setup that might boost volatility.
🔸 SHIB price drops
Shiba Inu saw a sharp price drop on Saturday, falling to a low of $0.00000617 last seen nearly three years ago, in a four-day drop.
Shiba Inu team member Lucie reacts to the market crash, which has seen $2.45 billion in positions wiped out, saying: "these crashes all follow the same script. Over-leverage, panic, forced selling, repeat. Survival in crypto is not about timing every move. It is about a strong community and staying present when everything shakes." "But we got this," Lucie added.
The thin liquidity hanging over the market alongside risk appetite waning might suggest more of a reset.
Shiba Inu has broadly declined since the Jan. 5 high of $0.00001008; meanwhile, RSI indicators are nearing oversold levels at 30, hinting at the possibility of a relief rally in the coming sessions.
In the event of a rebound, Shiba Inu might target $0.00000785, $0.00001008 and then $0.00001047. Support lies next at $0.0000055 if the declines continue.
💧 Sui Positions Itself as the Blockchain for Autonomous AI Agents
Sui Foundation says AI is moving from generating recommendations to completing tasks, a shift it describes as “agentic” execution. In a January post, the foundation argues that once software can book services, allocate resources, or trigger transactions, trust depends on provable outcomes rather than readable outputs.
The network frames the current internet as optimized for human control, with features such as session expirations, manual retries, and dashboards that assume a person will resolve errors. It adds that the state is often fragmented across separate services, making it hard to confirm what happened without interpreting logs. In this view, autonomous agents operating at machine speed can turn partial failures into costly inconsistencies.
💬 AI isn’t just generating anymore. It’s acting.Autonomous agents need more than APIs. They need shared truth, enforceable permissions, atomic execution, and provable outcomes.That’s what Sui is built for. Building the internet for AI that acts. — Sui (@Sui ) January 31, 2026
Sui’s message is that autonomous execution needs shared truth and enforceable constraints across systems that do not share a single operator. Sui blockchain is an execution environment designed to coordinate multi-step actions and settle them into a single, verifiable result.
In other news, CNF noted that the Sui network is targeting 2026 to introduce protocol-level confidential on-chain payments with controlled audit access for compliance needs. Under the plan, only the sender and recipient would see details such as amounts and addresses, while enabling authorized audits when required.
📉 Bitcoin breaks key support level as Glassnode warns of further price breakdown
U.S. president Donald Trump’s surprise nomination of former Fed governor Kevin Warsh as the next Federal Reserve chair boosted the dollar, unwound the precious metals rally, and is bringing bitcoin below a key support level.
Onchain data shared by Glassnode shows bitcoin was consolidating just above key structural support around $83.4K, the lower bound of its short-term holder cost basis model.
A breakdown below that zone could open the door to a deeper slide toward $80.7K, the so-called True Market Mean.
That breakdown is occurring. Over the past 7-day period bitcoin $BTC $83,460.68 lost more than 9.2% of its value and now trades at $81,200.
The broader market, measured via the CoinDesk 20 (CD20) index, lost 12.4% of its value over that period. That has meant the Crypto Fear & Greed Index dropped to “extreme fear” over the week.
Glassnode’s report notes that short-term holder supply held at a loss with $BTC above that level remained at 19.5%, well below the 55% capitulation threshold, suggesting some resilience despite downside pressure. However, buyer conviction is being tested as price drifts lower.
On the derivatives side, funding rates remain muted, pointing to cautious speculative appetite. Options markets are pricing in greater demand for downside protection, with dealer gamma flipping negative below $90K. That increases the risk of volatility spikes if support breaks.
Taken together, the data paints a picture of a fragile but not yet broken market. Liquidity remains the key variable.
The crypto market may currently be gripped by fear, but that could be a good signal.
According to crypto analytics platform Santiment, sentiment across various cryptocurrency communities has plunged to extreme lows, levels that have historically preceded price recoveries.
In a report, Santiment highlighted the rise in bearish commentary on social media as a rare bright spot in an otherwise downbeat environment.
🚨 The largest crash in recent decades: more than $7 trillion disappeared from the precious metals market over 36 hours.
Silver fell by more than 30%, dropping below $85 per ounce, resulting in a loss of about $1.96 trillion.
Gold declined by 13.6% and fell below $4,900 per ounce, reducing its capitalization by $5 trillion.
Platinum lost 27.25%, dropping below $2,100 per ounce, amounting to a loss of $215 billion, and palladium fell by 21.5%, dropping below $1,700 per ounce and losing about $85 billion.
The total crypto market cap (TOTAL) and Bitcoin ($BTC ) started Thursday on a bearish note, and the impact of the same has extended to altcoins.
🔸 The Crypto Market Cap Drops
The total crypto market cap declined by $44 billion and now stands at $2.95 trillion at the time of writing. Despite the drop, market structure shows early signs of stabilization. Selling pressure has eased following a bearish weekend, allowing digital assets to attempt a short-term recovery.
The Federal Reserve held its benchmark rate at 3.50–3.75% on January 28, its first 2026 policy meeting. The decision, described as “loosely neutral,” removed near-term fears of a more restrictive pivot. Nevertheless, the crypto market is yet to find a direction. For now, clearing the $3.00 trillion barrier is the target.
Recovery remains possible if sentiment improves alongside macro trends. If bullish conditions align with broader market strength, TOTAL could regain upward momentum. A coordinated move higher may push the total crypto market cap toward the $3.00 trillion level in the coming days.
🔸 Bitcoin Continues To Fail Breach
Bitcoin trades at $88,127 after a sharp Wednesday spike sell-off stopped the price from crossing the $90,000 level. The decline reflects heightened volatility and cautious sentiment across the crypto market. Recent weakness has placed Bitcoin near a critical technical zone that may define its next directional move.
If bearish momentum intensifies and Bitcoin breaks lower, the price could slide toward the next support level near $86,987, which marks the 23.6% Fibonacci Retracement. This level is also known as the bear market support level, holding BTC from falling below the $86,558 support level.
A bullish reversal remains possible if buying pressure returns. Strength above current levels could lift Bitcoin past $90,000. Reclaiming that resistance would open the path back above $90,000 and allow #BTC to target the $90,914 level, invalidating the bearish setup.
🔘 Worldcoin spikes 40% as OpenAI reportedly plans biometric X rival
OpenAI-linked token Worldcoin spiked 40% on Wednesday following a report that the artificial intelligence firm is working on a bot-free social media platform that requires “proof of personhood.”
According to a Tuesday Forbes report citing sources familiar with the matter, OpenAI is aiming to develop a “humans-only platform” as a point of difference from other social media services on the market.
Still in its early stages, sources state that a small team of around 10 people is building the platform to compete with X, and that it has reportedly been in development since early 2025, according to tech news outlet The Verge.
Forbes’ sources claimed that any “proof of personhood” would likely be verified via Apple’s Face ID or the World Orb eyeball scanner, which has also been utilized as part of World, the blockchain and crypto project co-founded by OpenAI CEO Sam Altman.
Amid a broader crypto downturn in the latter half of 2025, $WLD has had a grim price performance, down almost 70% over the past 12 months.
The World Orb, which has seen criticism over its implications for personal data privacy, scans a person’s face and their iris to verify that they are a unique human. It is a key part of onboarding genuine users to the WorldCoin ecosystem and helps establish a World ID.
Details are sparse on how the reported social media platform could be integrated with OpenAI’s suite of products or potentially with $WLD . It is believed, however, that OpenAI’s ChatGPT will be integrated to help users create content such as videos or photos.
Altman has previously criticized bot activity on X and other social media platforms. Back in September, he said the current social media experience in general felt “fake” due to the sheer number of bot-like posts and comments.
🟠 "The dread I see from bitcoiners (and the football spikingfrom the haters) is very short-sighted to me given that since 2022 (right before the BlackRock ETF filing) Bitcoin is up 429%, gold 177%, Silver 350%, QQQ 140%.
In other words bitcoin spnked everything so bad in '23 and '24 (which ppl seem to forget) that those other assets still haven't caught up even after having their greatest year ever and btc being in a coma.
IMO what happened was the 'institutionalization' narrative got priced in very quickly and ahead of it all actually happening. So it had to take a breather so the actual narrative could catch up to the price.
🔥 1inch denies involvement in 14 million token sale that sent $1INCH to record lows
The 1inch team has issued an official statement on X denying any involvement in the sale of 14 million $1INCH , its native cryptocurrency, an action that led to the token crashing to its all-time low on Tuesday, January 27.
Its statement on X read, “With respect to yesterday’s activity, no $1INCH was sold from wallets controlled by 1inch entities or our team, or our treasury multisigs. We do not control third-party holdings or their trading decisions.”
The 14 million token disposal worth $1.83 million triggered a market panic and caused the token to hit a downward trend. However, it began to show signs of recovery during the late hours of January 27, trading around $0.12 after hitting a record low of $0.1127.
However, that rally was short-lived, as it resumed its downward trend until the 1inch team released its public statement denying any involvement with the token sale. The token has gone up a bit and now trades at around $0.116, as of the time of writing.
The clarification comes after on-chain analyst Ember tracked the transaction to an address that had received 15 million $1$1INCH rough vesting unlocks approximately one year ago.
1inch team pledges to review tokenomics
In the same statement, 1inch informed its community that it plans to review aspects of its tokenomics structure in 2026, stating, “1inch Network this year plans to review aspects of its tokenomics to further strengthen resilience during market downturns and times of low liquidity.”
The team provided no specific details about proposed changes, but the announcement signals that it is an acknowledgment that some parts of its current token distribution model need updating.
The 1inch team stated that their mission and vision remain unchanged, writing, “It is that focus which has pushed our total swap volume to almost $800B since 2019 and allows us to sustain hundreds of millions in daily volume even during bear markets. 1inch is as strong today as ever.”
🗣️ Ethereum Founder Vitalik Buterin Makes Statement on the Future of Cryptocurrencies! “There Are Three Urgent Matters”
Ethereum co-founder Vitalik Buterin, in a recent interview in China, stated that Decentralized Social (DeSoc) solutions top the list of applications he most wants developers to build, followed by “smarter” DAOs.
Buterin noted that he observed a departure from these goals at the implementation level; a significant portion of the energy and capital in the sector was shifting towards products that did not generate “social value.”
In the interview, Buterin summarized his current motivations under three “urgent” headings: preventing cryptocurrencies from spiraling into a “doomsday scenario” and becoming 100% speculative, advancing Ethereum technology further, and preventing the future from succumbing to a centralized AI-controlled order. According to Buterin, if the cryptocurrency ecosystem fails, the risk of centralized AI becoming dominant in the technology world will increase.
Buterin noted that Ethereum has made significant progress in scaling over the past year (e.g., increased gas capacity, the deployment of zkEVM, improvements in wallet experience), but his main concern lies in the application layer: He stated that despite the large number of applications being created, if a significant portion of them lack “real social meaning,” decentralized technology could be reduced to “toy or casino”-like products.
Buterin exemplified this shift in direction at the implementation layer with the memecoin boom. In the interview, he interpreted the possibility of Donald Trump releasing a memecoin in early 2025 as a sign of “where the industry has come to”; then, he argued that with the emergence of a second token (MELANIA), the first token (TRUMP) would become “effectively irrelevant”.
The rapid rises and sharp falls of memecoins associated with political figures have fueled debates about market confidence and reputation.
🦄 Uniswap Brings Continuous Clearing Auctions to Arbitrum One
Uniswap Labs has deployed Continuous Clearing Auctions (CCA) on Arbitrum One, giving builders a new onchain way to launch tokens with open participation and transparent pricing. With the rollout, Arbitrum teams can run token auctions onchain, discover a clearing price through live bids, and then seed liquidity on Uniswap v4 at that same market price. Uniswap said CCA is permissionless and free to use, with guides available for teams that want to integrate it.
CCA is built to address common launch problems that crop up during early token distribution. The fixed price sales may result in rushes and mispricing, and the Dutch auctions may provide a reward to timing rather than valuation. One-shot auctions are prone to last-minute sniping, and even bonding curves can be manipulated in the thin liquidity case.
A lot of launches are also dependent on centralized market makers, which introduces a sense of trust and potentially moves value off-user. CCA replaces those approaches with an auction that clears continuously and spreads demand across time.
Arbitrum also promoted the deployment as a new option for fairer token launches on Arbitrum One. In a post on X, the network said CCA supports market-driven price discovery and automatic liquidity seeding while running on its platform and liquidity ecosystem. Community responses have lauded the launch as useful for both sides of the market, since builders get distribution and liquidity tooling, and users get an auditable process.
🔸 How Uniswap’s CCA Runs Auctions and Seeds Liquidity
A Continuous Clearing Auction starts when a project commits a portion of its token supply and sets parameters such as duration and a floor price. Participants then place bids using a budget and a maximum price they are willing to pay. Instead of selling everything at once, CCA releases tokens over time using a block-by-block schedule.
Luxury watch brand Jacob & Co. collaborated with the GoMining platform to release the Epic X GoMining mechanical watch for $40,000.
The accessory comes with a digital miner with a power of 1000 TH/s, whose operation is implemented through the GoMining infrastructure and is linked to the owner's account.
Only 100 pieces will be produced. The collection will make its debut on February 10-12 at a cryptocurrency conference in Hong Kong.