Solana Technical Analysis: Are Bulls Losing Control of the Trend?

Solana (SOL) has been facing volatility since the beginning of 2026. In mid- January, it reached a high of $148 and fell to a low of $86 in February. SOL is currently trading at $83.40, a decline of around 39.26% over the past 30 days. It has been struggling to break above $90, with a risk of a decline below $80.

Highlights

• SOL started making a recovery wave above $75 and $80.
• A bearish trend has formed, and resistance is at $88.
• Analysts predict varying possibilities for SOL, with short-term targets suggesting further declines.

On February 11, 2026, Solana (SOL) was trading 3.7% below the previous day, at $83.40. This clearly indicates that bulls have lost control of the short-term trend. Compared to the previous year, the SOL price has been down roughly about 56% from the highs of $253 – $255.

Over the past 72 hours, more than 1.07 million SOL tokens have been withdrawn from centralized exchanges, reducing the sell-side liquidity.

Solana Price Trends Towards a Bearish Structure

According to market charts, SOL continues to trade within a descending channel, keeping up a sequence of lower highs and lower lows.

Analysts note that SOL price has failed to reclaim the 50-day EMA near $85.16, tightening a bearish control over the broader trend. The struggles to price recovery were immobilized, stopping any significant repair.
SOL price is now moving towards a lower boundary, around the $78.5 support level, which was previously considered a demand zone.

The downside momentum has slowed near current levels, and the structure remains unresolved. It indicates that sellers continue to dictate the directional bias. The 14-day RSI is currently at 50.25, signalling a neutral position.

The Moving Average Convergence Divergence currently indicates a sell signal at -0.536. The histogram is narrowing, suggesting that bearish momentum is weakening.

Buyers Acting Aggressively

Despite the price weakness, Spot Tracker CVD indicates aggressive buying has outweighed selling in the past three months. It signals absorption rather than capitulation. Even when buyers step in, the prices continue to trend lower.

The overall behavior suggests demand rather than retail panic selling. The absorption can help stabilize the price; it requires a structural response.

SOL Price Pressure at $80

Solana (SOL) is trading near $83 and approaching $80 due to the weight of the downward trend. Both 50-day and 200-day EMAs are sloping downwards, suggesting a bearish structure and a broader downside bias.

The immediate support zone is near $80 to $82, which buyers are currently defending. If the price breaks below $80, it pushes SOL towards $67.48. According to the technical charts, a daily close above $100 is required for a price reversal. Despite the significant price drop, Solana ETFs recorded $8.43 million in inflows on February 10, signalling sustained interest despite the correction.

Final Thoughts

Although Solana ETFs have recorded major inflows, the token price continues on a downward trend. Buyers are aggressively defending the support level; however, SOL price fails to reclaim the key points. According to analysts, Solana needs structural repair before a meaningful activity influences its direction.