NewsBTC
Feb 23, 2026
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BEARISH 📉 : Solana price dips over 5% amid continued downtrend

Solana's price has declined over 5%, failing to maintain stability above $95, similar to Bitcoin and Ethereum. Here are the key points:

  • SOL experienced a fresh decline below $85 and $82 against the US Dollar.
  • The current trading price is below $82 and the 100-hourly simple moving average.
  • A bearish trend line is forming with resistance at $82 on the hourly chart of the SOL/USD pair.
  • Bulls need to defend $75 or $70 for a potential recovery wave.

Current Price Analysis

  • Solana is consolidating losses with a bearish angle below the 23.6% Fib retracement level from the $86.68 high to the $77.30 low.
  • Immediate resistance is near $80, with major resistance around $82, aligning with the 50% Fib retracement level.
  • Main resistance could be $83.10, potentially leading to further gains if surpassed.

Potential for Further Losses

  • If Solana fails to rise above $82, it may continue its downward trend.
  • Initial support is near $77, with significant support at $75.
  • A break below $75 could lead to a decline toward the $70 support zone.
  • Further decline below $70 might bring the price down to $62.

Technical Indicators

  • Hourly MACD is gaining pace in the bearish zone.
  • Hourly RSI is below the 50 level, indicating bearish momentum.