$SOL Solana experienced a brutal first week of February.
The Crash: SOL plummeted from its January highs near $130 to a shocking intraday low of $67 on February 6. This move wiped out over $300 million in long positions.
The Bounce: Since that low, SOL has staged a "fragile recovery," currently trading around $85 - $88. It is showing a "high-beta" response, meaning it drops faster than Bitcoin but also bounces back with more velocity.
For Short-Term Traders (The "Make-or-Break" Zone):
Wait for the $95 Reclaim. SOL is currently in a "distribution zone." For a bullish trend to be confirmed, the price needs to close above the $95 - $97 range on the daily chart.
Downside Risk: If it fails to hold $80, a retest of the $67 low is highly likely.
Upside Target: A break above $105 could quickly lead to a rally toward $128.
For Long-Term Holders:
Strategic Accumulation. Most analysts (including Standard Chartered) have set a 2026 year-end target of $250. With the current price under $90, this represents a significant upside.
The "Buy the Blood" Rule: Solana's history shows that it often bottoms during extreme leverage washouts. If you believe in the "Firedancer" utility, the current price is a deep-value entry point.#solana #sol #USIranStandoff #WarshFedPolicyOutlook #WhaleDeRiskETH
