{"id":19658,"date":"2026-02-10T22:00:18","date_gmt":"2026-02-10T22:00:18","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/solana-tests-key-support-after-sharp-bounce-analysts-weigh-98-108-upside-for-sol\/"},"modified":"2026-02-10T22:00:18","modified_gmt":"2026-02-10T22:00:18","slug":"solana-tests-key-support-after-sharp-bounce-analysts-weigh-98-108-upside-for-sol","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/solana-tests-key-support-after-sharp-bounce-analysts-weigh-98-108-upside-for-sol\/","title":{"rendered":"Solana Tests Key Support After Sharp Bounce, Analysts Weigh $98\u2013$108 Upside for SOL"},"content":{"rendered":"

Solana\u2019s (SOL) recent price action has put traders on alert once again. After sliding to multi-month lows near the lower-$80 range, SOL staged a sharp rebound of more than 6% in a short period, briefly easing fears of an immediate breakdown.<\/p>\n

Related Reading: Bitcoin Could See New Drop To $60,000 Despite Bounce \u2013 Here\u2019s The Level To Defend<\/p>\n

However, the recovery has done little to settle the broader debate. Analysts now see Solana caught between fragile support and overhead resistance, with the $98\u2013$108 zone emerging as a key upside test if momentum can hold.<\/p>\n

Despite the bounce, market conditions remain cautious. SOL is still trading well below former support levels that have flipped into resistance, and several technical and on-chain indicators suggest the market has not yet found a clear directional bias.<\/p>\n

\"Solana<\/p>\n

Support Holds, but SOL Trend Remains Weak<\/strong><\/h2>\n

Solana is currently consolidating around the $83\u2013$87 area, a zone many analysts view as critical short-term support.<\/p>\n

Multiple reports highlight that SOL has lost its prior monthly support between $98 and $100, confirming the broader downtrend remains intact. Price structure continues to show lower highs and lower lows, and SOL is trading below key moving averages, reinforcing bearish control.<\/p>\n

At the same time, oversold signals are beginning to appear. The Relative Strength Index on higher timeframes has dipped into levels that historically coincided with stabilization phases.<\/p>\n

Some analysts also point to the Money Flow Index<\/a> nearing extreme readings, suggesting selling pressure may be losing intensity, even if buyers have yet to step in decisively.<\/p>\n

If the $85 area fails, downside targets cluster around $78\u2013$80, with deeper support cited near $70. These levels align with historical demand zones observed during previous drawdowns.<\/p>\n

Solana ETF Outflows and On-Chain Signals Add Pressure<\/strong><\/h2>\n

On-chain data has added another layer of complexity. More than 1 million SOL reportedly left centralized exchanges over a 72-hour period, a move analysts interpret as stress-driven repositioning rather than clear accumulation.<\/p>\n

In parallel, Solana-linked ETFs<\/a> recorded roughly $11.9 million in net outflows, the second-largest on record.<\/p>\n

Historically, large ETF outflows have sometimes appeared near capitulation phases, but they also limit near-term upside by reducing institutional participation. Long-term holder data further shows accumulation slowing, removing a source of price support that has cushioned past declines.<\/p>\n

Why $98\u2013$108 Matters for Bulls<\/strong><\/p>\n

Looking ahead, analysts agree that any meaningful recovery must reclaim the $98\u2013$108 region. This zone represents both former support and a psychological barrier near $100. February forecasts from several market trackers suggest SOL could trade within this range if it stabilizes above current levels.<\/p>\n

Related Reading: Bernstein Calls Bitcoin Crash A \u2018Crisis Of Confidence,\u2019 Maintains $150,000 Target<\/p>\n

A sustained move above $108 could open the door to a broader trend reassessment, while repeated rejection would reinforce the prevailing bearish structure. Solana remains in a wait-and-see phase, with traders closely watching whether support holds, or whether another leg lower comes before a durable base is formed.<\/p>\n

Cover image from ChatGPT, SOLUSD chart on Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana\u2019s (SOL) recent price action has put traders on alert once again. After sliding to multi-month lows near the lower-$80 range, SOL staged a sharp rebound of more than 6% in a short period, briefly easing fears of an immediate breakdown. Related Reading: Bitcoin Could See New Drop To $60,000 Despite Bounce \u2013 Here\u2019s The…<\/p>\n","protected":false},"author":1,"featured_media":19659,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[169,376,170,219],"class_list":["post-19658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-sol-price","tag-solana","tag-solusd"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/19658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=19658"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/19658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/19659"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=19658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=19658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=19658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}