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📉 SOL at $100: The Moment of Truth for Solana!
Is @Solana Official preparing for a moon mission, or are we heading back to the "post FTX" lows? As of today, February 2, 2026, the chart is at a absolute breaking point.
For the first time in nearly a year, $SOL SOL has cracked below the $100 support, hitting a 10-month low of $98. The market is in "Extreme Fear" (Index: 20), and everyone is asking: Buy the dip or run for the hills?
🔍 The Bear Case: A "Falling Knife"?
•Structural Break: Losing the $100 psychological level is a major blow. If we don't reclaim it on the daily close, the next "demand cluster" sits at $92, followed by a macro floor at $80.
•Negative Sentiment: Funding rates are negative, and the long to short ratio is sitting at 0.97. Traders are currently betting on more pain.
🚀 The Bull Case: The "Alpenglow" Rebound
•Protocol Upgrades: The Alpenglow upgrade is coming in Q1 2026, aiming for 150ms finality. This tech leap is what institutional investors are waiting for.
•Oversold Signals: The Daily RSI has plummeted to 25. Historically, SOL has seen massive "relief rallies" after hitting such deep oversold territory.
Institutional Holding: Despite the price drop, over 4 million SOL has been newly staked this month alone. The "Smart Money" isn't leaving; they’re locking in.
{spot}(SOLUSDT)
💡 My Strategy
If you’re a long term believer, this "capitulation" phase often marks the best entry. However, if you're a swing trader, wait for a reclaim of $115 to confirm that the trend has actually reversed.
What’s your move? Are you bidding at $80 or is Solana dead in the water? Let’s hear your predictions! 👇
#StrategyBTCPurchase $JUP $PENGU
For the first time in nearly a year, $SOL SOL has cracked below the $100 support, hitting a 10-month low of $98. The market is in "Extreme Fear" (Index: 20), and everyone is asking: Buy the dip or run for the hills?
🔍 The Bear Case: A "Falling Knife"?
•Structural Break: Losing the $100 psychological level is a major blow. If we don't reclaim it on the daily close, the next "demand cluster" sits at $92, followed by a macro floor at $80.
•Negative Sentiment: Funding rates are negative, and the long to short ratio is sitting at 0.97. Traders are currently betting on more pain.
🚀 The Bull Case: The "Alpenglow" Rebound
•Protocol Upgrades: The Alpenglow upgrade is coming in Q1 2026, aiming for 150ms finality. This tech leap is what institutional investors are waiting for.
•Oversold Signals: The Daily RSI has plummeted to 25. Historically, SOL has seen massive "relief rallies" after hitting such deep oversold territory.
Institutional Holding: Despite the price drop, over 4 million SOL has been newly staked this month alone. The "Smart Money" isn't leaving; they’re locking in.
{spot}(SOLUSDT)
💡 My Strategy
If you’re a long term believer, this "capitulation" phase often marks the best entry. However, if you're a swing trader, wait for a reclaim of $115 to confirm that the trend has actually reversed.
What’s your move? Are you bidding at $80 or is Solana dead in the water? Let’s hear your predictions! 👇
#StrategyBTCPurchase $JUP $PENGU
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SOL
77.38
-3.04%