Solana Slumps to $90: Is the Market Messing With You?

by

Solana couldn’t settle above $102, so the drama continues. SOL is now consolidating below $95 and might struggle to summon a recovery wave.

  • SOL slid below $100 and then through $95 against the US Dollar.
  • It’s currently trading under $100 and the 100-hour moving average.
  • A key bearish trend line is forming with resistance around $98 on the hourly SOL/USD chart (Kraken data).
  • A recovery could arrive if the bulls defend $90 or $85.

Solana Price Dips Further

Solana couldn’t stay perched above $105 and slid again, joining Bitcoin and Ethereum in the mood to decline. It dropped below the $100 and $95 support levels.

Bearish momentum kicked in below $92, making a low at $89, and it’s now nursing losses beneath the 23.6% Fib retracement of the move from $106 down to $89.

Right now it’s trading below $95 and the 100-hourly moving average-because apparently even math is sulking. If it tries to climb, the first hurdle is around $93, then $97 or the 50% Fib retrace of the move from $106 to $89. There is also a stubborn bearish trend line around $98 on the hourly SOL/USD chart.

Solana price chart

The main resistance sits at around $102. A close above that could coax a slow but steady climb toward $106, and if fortune favors, perhaps toward $112.

More Losses In SOL?

If SOL can’t clear the $98 resistance, the slide could continue. Immediate support is near $90, with the first major support at $85.

A break below $85 could push toward $82, and a close under $82 might drag the price toward $74 in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly RSI – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $90 and $85.

Major Resistance Levels – $98 and $102.

Read More

2026-02-05 09:09