NewsBTC
Feb 19, 2026
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BEARISH 📉 : Solana risks further decline as price falls below $84

Solana's price experienced a decline, failing to maintain levels above $86 and now trading below $84. The currency is at risk of further losses if it drops below $80.

  • SOL began correcting downward against the US Dollar, now trading below $85 and the 100-hourly SMA.
  • A bearish trend line with resistance at $84 is visible on the hourly SOL/USD chart.
  • The price dropped past critical fib retracement levels, testing support near $80.

Solana Price

If Solana fails to break through the $85 resistance, it might decline further:

  • Initial support lies around $80, aligning with the 76.4% Fib level from $76.55 to $91.20.
  • Major support could be at $79, with potential declines to $76.50 or even $72 if breached.

Technical Indicators:

  • MACD shows bullish momentum is waning.
  • RSI for SOL/USD is below 50, indicating potential weakness.
  • Key Resistance: $85, $88; Key Support: $80, $79.