SOL’s Wild Ride: Will It Hit $108 or Crash Harder Than Liz Lemon’s Dating Life?

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Oh, Solana (SOL), you fickle beast. After plummeting to depths that would make even Kenneth the Page say, “Too low,” SOL decided to bounce back with a 6% rebound. Yay? Not so fast, my financially adventurous friends. This is like celebrating a B- on a test you studied all night for-it’s something, but not exactly a victory lap.

Analysts (aka the people who get paid to say “I told you so”) are now staring at SOL like it’s a crossword puzzle they can’t quite solve. Is it going to break through the $98-$108 zone, or is it just teasing us like a cat with a laser pointer? Spoiler: No one knows, but everyone’s got an opinion.

Meanwhile, the market is acting like it just found out its favorite show got canceled mid-season. Caution is the name of the game, and SOL is still trading below levels that used to be its safety net. It’s like when you realize your “friend” only texts you when they need something-unreliable and a little disappointing.

SOLUSD chart because why not?

Support Holds, but SOL’s Trend is as Weak as Jenna Maroney’s Apology

Right now, SOL is hanging out in the $83-$87 range, which analysts are calling “critical short-term support.” Translation: It’s like the last slice of pizza at a party-everyone’s watching to see if it gets eaten or thrown away.

The bad news? SOL has lost its monthly support between $98 and $100, which is basically the financial equivalent of losing your keys. The downtrend is still very much alive, with lower highs and lower lows that would make even Tracy Jordan say, “What is happening?”

But hey, there’s a silver lining! Oversold signals are popping up like unwanted ads on a free streaming site. The Relative Strength Index is dipping into levels that usually mean “time to stabilize,” and the Money Flow Index is hinting that sellers might be running out of steam. So, there’s that.

If $85 doesn’t hold, we’re looking at $78-$80, with deeper support at $70. Because nothing says “fun” like a rollercoaster ride to the bottom.

Solana ETFs and On-Chain Drama: The Never-Ending Saga

Oh, and let’s not forget the on-chain drama! Over 1 million SOL left centralized exchanges in 72 hours, which analysts are calling “stress-driven repositioning.” Sounds fancy, but it’s basically financial panic in a suit.

Solana-linked ETFs also saw $11.9 million in net outflows, the second-largest on record. That’s like when your favorite coffee shop runs out of your go-to drink-just disappointing all around.

Historically, big ETF outflows sometimes show up near capitulation phases, but they also make near-term upside as likely as a Tracy Jordan apology. Long-term holders are slowing down their accumulation, which is like when your friends stop inviting you to brunch-not a great sign.

Why $98-$108 is the New $100: A Psychological Barrier Saga

So, what’s next? Analysts agree that SOL needs to reclaim the $98-$108 zone to prove it’s not just a one-hit wonder. This is the financial equivalent of getting a second date-it’s not a relationship, but it’s something.

If SOL can break above $108, it might just reassess its entire life (or trend). But if it gets rejected again, well, it’s back to the drawing board. For now, SOL is in a “wait-and-see” phase, which is basically the financial version of scrolling through TikTok while waiting for your food delivery.

Cover image from ChatGPT, because why not? SOLUSD chart on Tradingview, because charts make everything look official.

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2026-02-11 01:10