$SOL
Latest Analysis: Solana ($SOL )
Current Sentiment: Bearish / Extreme Fear (Fear & Greed Index: 14)
Support & Resistance: SOL is currently battling a critical psychological floor at $100.00. Resistance has consolidated at $115.00 – $120.00, a zone that buyers must reclaim to invalidate the current downtrend.
Short-term Outlook: As of February 2, 2026, Solana is trading between $103 and $105, following a massive 59% drawdown from its October 2025 peak of $247. The market is witnessing "capitulation-style" trading as SOL cracks below the $118 support level for the first time in nine months. While the RSI is deeply oversold (hovering around 28–30), suggesting a relief bounce to $110 is overdue, the technical structure remains fragile. A daily close below $98 would likely trigger a further slide toward the next major demand zone at $80.00.