SOL Weekly Technical Analysis
Solana
High-performance blockchain supporting fast and inexpensive decentralized apps and NFTs.
SOL Technical Analysis Summary
Solana is currently in a severe downtrend, trading at 85.88 after failing to break new highs near 260.00. The loss of the 200-week SMA (103.57) is a significant technical breakdown, shifting the long-term bias to bearish. While the RSI is oversold (29.80), suggesting potential for a relief bounce, the prevailing momentum remains strongly negative with immediate downside risk toward the lower Bollinger Band.
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SOL Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep vertical decline, trading well below short-term moving averages (20 SMA at 137.05), with the MACD histogram expanding negatively.
Long-term Sentiment (weeks to months): Bearish
The asset has lost the critical 200-week SMA (103.57) support and was rejected from a macro double-top resistance near 260.00.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-16T02:10:00.374Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $65.00 | $60.00 - $70.00 | Weak | Confluence of the Lower Bollinger Band (68.79) and a prior consolidation zone from 2023. |
| $32.50 | $25.00 - $40.00 | Strong | Major historical support/accumulation zone from the previous cycle bottom. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $104.00 | $103.00 - $105.00 | Strong | The 200-week SMA (103.57) has flipped from support to a major overhead resistance level. |
| $146.50 | $137.00 - $156.00 | Strong | Zone containing the 20-week SMA (Basis) and the 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Macro Double Top | Bearish | N/A | Price retested the 2021 all-time high (~260) in 2025 and was sharply rejected, confirming a long-term reversal pattern. |
| Strong | Moving Average Breakdown | Bearish | N/A | A decisive weekly close below the 200-week SMA (103.57) signals a shift in the long-term trend regime. |
Frequently Asked Questions about SOL
What is the current sentiment for SOL?
The short-term sentiment for SOL is currently Bearish because Price is in a steep vertical decline, trading well below short-term moving averages (20 SMA at 137.05), with the MACD histogram expanding negatively.. The long-term trend is classified as Bearish.
What are the key support levels for SOL?
StockDips.AI has identified key support levels for SOL at $65.00 and $32.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is SOL in a significant dip or a Value Dip right now?
SOL has a Value Score of 67/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.