Solana (SOL/USD) Struggles to Stabilize Below $110 as Bears Maintain Pressure

Solana (SOL) Current Statistics

The current price: $104

Market Capitalization: $59 billion

Trading Volume: $8 billion

Major supply zones: $120, $125, $130

Major demand zones: $100, $95, $90

Solana (SOL) Price Analysis—February 2, 2026

Solana bears have dominated the market with sustained selling pressure, forcing the price below the $110 level. At present, price action is attempting to stabilize beneath this key threshold, with the immediate objective of staging a rebound to reclaim the $110 price level.

The breakdown below the $120 level on January 29 triggered a selling frenzy, leading to a notable surge in market volatility. This heightened volatility could present opportunities for bulls to re-enter the market around key support zones. Support has already been identified near the $100 level; however, bearish pressure continues to prevail for now, keeping the market vulnerable to further downside moves.

SOL/USD Technical Indicators Outlook

If bearish pressure continues to intensify around the $100 price level, sellers are likely to face significant resistance, as this level has served as a major support zone for the past two years. Given the long-term relevance of this support, bears may struggle to achieve a decisive breakdown in this area.

A more probable scenario in the crypto signal is a period of consolidation around the $100 level. The presence of repeated long lower wicks on recent candlesticks suggests strong bullish interest below $100, indicating that buyers are actively defending this zone. As a result, a sustained breakdown appears less likely in the near term. However, if the market manages to hold decisively below this key support, it could open the door to further bearish price movement.

SOL/USD—4-Hour Chart

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