Solana (SOL) is experiencing its most tense moment so far in 2026. With a drop of 5.43% in the last 24 hours, currently at $82.89, many are wondering: Is this the bottom or just the beginning of a larger correction?
1. The Technical Diagnosis: Maximum Pressure
The 4H and 1H charts show a clear bearish alignment. The price has breached psychological supports and is far from its main moving average ($103). We are in a "downward price discovery" zone, meaning the market is desperately searching for where to stop.
Key support: $82.71. If it breaks, the path to $76 is open.
Image 1.
2. The Macro Context: Why is it falling?
It's not just Solana; it's the environment. This February 2026 has brought us two "hits" of reality:
Fed Effect: Kevin Warsh's nomination has strengthened the dollar, reducing the appeal of risk assets.
Gold Fever: With gold hitting $5,000, institutional capital is moving towards safe havens, draining liquidity from the crypto ecosystem.
3. What to expect in the coming hours?
We may see a momentary "technical bounce" towards $83.50 due to current overselling. However, be careful! Without a real increase in buying volume, this movement could just be a trap to continue falling. The trend remains bearish as long as we do not strongly recover $85.50.
Important note: In times of panic, patience is the best tool. Do not act with desperation. Study the market and create your own strategy.
What do you think?
Are we in a historical accumulation zone or do you think we will see SOL below $70 very soon?
I read you in the comments. 👇
#Solana #sol #Blockchain #MarketUpdate
