Solana (SOL/USD) Holds Steady at $85 as Bears Lose Momentum

Solana (SOL) Current Statistics

The current price: $85.42

Market Capitalization: $47.75 billion

Trading Volume: $3.56 billion

Major supply zones: $90, $100, $110

Major demand zones: $75, $70, $65

 

Solana (SOL) Price Analysis—February 8, 2026

Currently, the Solana market is holding steady around the $85 level after several trading sessions, as it absorbs lingering bearish pressure. This consolidation follows a sharp decline from above the $140 level, where sustained selling pressure pushed the price down to a pivotal support at $63.22. From this support zone, price rebounded above $80 and eventually stabilized near $85. At this level, the market has entered a consolidation phase, likely reflecting the absorption of bearish sentiment. With consolidation already underway, the next potential move may favor further upside, as the market appears to be positioning itself for continuation along this path.

SOL/USD Technical Indicators Outlook

Recent price movements show that the market indicators are signaling oversold conditions. The Relative Strength Index (RSI) is currently near the oversold threshold at the 30 level, suggesting that while bearish exhaustion may be setting in, the market could be preparing for a rebound. This opens the possibility for a bullish recovery that may push the crypto signal back above $100. Additionally, the Bollinger Bands display a substantial bandwidth, indicating elevated market volatility, which bulls could potentially exploit to drive the price higher.

SOL/USD—4 Hour Chart

Make money without lifting your fingers: Start using a world-class auto trading solution.