$SOL of February 9, 2026, Solana ($SOL) is in a "high-stakes" consolidation phase following a sharp market-wide drawdown.

⚡ Quick Stats

Price: ~$87.00 (Recovering from a monthly low of ~$67)

Market Cap: ~$49.2 Billion

Trend: Short-term Bearish (Daily trend is weak) | Long-term Bullish (Institutional interest remains high)

📉 Key Technical Levels

Immediate Support: $80 – $82. This is the critical "must-hold" floor. A break below this could trigger a slide toward $60.

Major Resistance: $93 – $95. Bulls need to reclaim this zone to shift momentum back toward $100+.

Momentum: The RSI has bounced from oversold territory, but the 50-day moving average is still sloping downward, signaling continued selling pressure.

🚀 Market Catalysts

Institutional Backing: Galaxy Digital recently invested $1.2B in SOL; Spot ETF filings from major firms like Morgan Stanley are providing a long-term price floor.

Network Upgrades: The Alpenglow upgrade (targeting 150ms finality) is the primary tech catalyst for later this year.

Risk: Roughly 50% of network revenue still stems from meme coin speculation; a shift toward stablecoin and RWA (Real World Asset) utility is seen as necessary for the next major leg up.