Is Solana’s Final Dip In? RSI Extreme Hints at Trend Reversal - Crypto Economy

TL;DR

• Solana trades near $88, maintaining a stable technical structure with shallow pullbacks.
• The bullish consolidation pattern suggests continuation, supported by the $82-$85 zone.
• On-chain data points to institutional accumulation, confirming the mid-term upward trend.

As of February 9, 2026, Solana (SOL) trades near $88, while price action reflects a stable technical structure aligned with recent network progress. The asset holds above the $80 level, a price area that traders treat as a psychological reference.

The pullbacks remain shallow and show lower volume, which points to controlled selling rather than stress. As a result, the market treats current consolidation as part of an ongoing upward structure. However, price behavior stays orderly and avoids sharp breaks.

SOL trades inside a rising consolidation range

Therefore, the pattern signals continuation rather than exhaustion. The price respects higher lows after the strong advance seen in previous months.


Meanwhile, the $82–$85 support zone absorbs selling pressure and limits downside attempts. In similar market phases, compression often precedes expansion once pressure resolves. For now, buyers defend structure and keep momentum intact.

On the fundamental side, price action aligns with recent developments across the Solana blockchain. Over recent weeks, Solana reinforces its role as a high-speed and low-cost Layer 1 network, supported by steady growth in DeFi, NFTs, and Web3 applications. At the same time, ongoing work on network stability and scalability reduces past concerns related to outages. Consequently, market confidence improves as usage reflects real activity rather than short-term trades.

On-chain data and derivatives metrics support this view

Open Interest in futures markets rises during sideways phases without aggressive liquidations. Therefore, capital appears to build positions instead of chasing moves. Meanwhile, SOL trades above the SMA 50 and SMA 100, while the SMA 200 acts as long-term support.


The positive slope of shorter averages confirms upward momentum. From a Smart Money angle, liquidity sweeps below local lows attract buying volume, suggesting absorption by larger players. As a result, Solana shows a market structure guided by accumulation and controlled participation.