Feb 8, 2026

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BEARISH 📉 : Solana struggles with downtrend, faces hurdles for price recovery

Market analysis indicates that Solana is experiencing a bearish trend after reaching two-year lows. Analyst Umair Crypto suggests potential for recovery if key resistance levels are surpassed.

Key Points on Solana's Price Movement

Solana's price dropped below $80, losing significant support and triggering a 27% decline.
The drop pushed the price toward a new Point Of Control (POC) zone between $67 and $73.
A subsequent 12% bounce indicates strong buying interest in this volume-heavy area.
Despite increased trading volume, caution is advised as this typically signals continued downside pressure.

Potential Recovery Path

Recovery hinges on surpassing the former POC near $100.93, now acting as resistance.
Breaking above this level could see targets of $120.59, $128.43, $138.77, and potentially $150.36.
If momentum above $150.36 is maintained, prices might surge to between $200 and $210.