$SOL As of February 9, 2026, Solana (SOL) is navigating a high-risk "make or break" zone. Currently trading around $85, the asset is under significant bearish pressure, having dropped nearly 40% in the last month. The screenshot you provided highlights a heavy sell-side presence, with a 58% ask volume indicating that sellers are currently dominating the market. For SOL to realistically target $140, it must first reclaim and hold the $100 psychological level, which has transitioned from a multi-year support into a daunting resistance. If the current support at $80 fails, technical indicators suggest a further slide toward the $68–$72 range is likely before any significant trend reversal can occur.
Despite the immediate gloom, a recovery to $140 remains a medium-term possibility if broader market sentiment shifts. Historically, February has seen Solana record average returns of nearly 38%, suggesting that a "relief rally" could be on the horizon. To reach your target, SOL needs to clear intermediate hurdles at $117 and $127, which are the main "supply zones" where traders are expected to sell. While some institutional analysts remain bullish with year-end targets of $200+, the current technical setup—including a widening negative MACD—suggests that the road to $140 will be volatile. Investors should watch for a "golden cross" on shorter timeframes or a surge in buying volume as the first signals that the move toward $140 has finally begun.
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