{"id":9867,"date":"2026-02-09T05:11:03","date_gmt":"2026-02-09T05:11:03","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/solana-sol-below-80-risks-restarting-a-brutal-downtrend\/"},"modified":"2026-02-09T05:11:03","modified_gmt":"2026-02-09T05:11:03","slug":"solana-sol-below-80-risks-restarting-a-brutal-downtrend","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/solana-sol-below-80-risks-restarting-a-brutal-downtrend\/","title":{"rendered":"Solana (SOL) Below $80 Risks Restarting A Brutal Downtrend"},"content":{"rendered":"<p><em>Solana failed to settle above $90 and remained in a range. SOL price is now facing hurdles near $90-$92 and might decline again below $80.<\/em><\/p>\n<ul>\n<li>SOL price started a decent recovery wave above $75 and $80 against the US Dollar.<\/li>\n<li>The price is now trading above $85 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL\/USD pair (data source from Kraken).<\/li>\n<li>The price could continue to move up if it clears $88 and $92.<\/li>\n<\/ul>\n<h2>Solana Price Faces Resistance<\/h2>\n<p>Solana price remained stable and started a decent recovery wave from $68, like Bitcoin and Ethereum. SOL was able to climb above the $75 level.<\/p>\n<p>There was a move above the 50% Fib retracement level of the downward move from the $106 swing high to the $68 low. However, the bears are active below $90. There is also a key bearish trend line forming with resistance at $88 on the hourly chart of the SOL\/USD pair.<\/p>\n<p>Solana is now trading above $80 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $88 level and the trend line.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-880358\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Solana_7dda82.png?resize=1024%2C509\" alt=\"Solana Price \" width=\"1024\" height=\"509\" loading=\"lazy\" \/><\/p>\n<p>The next major resistance is near the $92 level and the 61.8% Fib retracement level of the downward move from the $106 swing high to the $68 low. The main resistance could be $95. A successful close above the $95 resistance zone could set the pace for another steady increase. The next key resistance is $102. Any more gains might send the price toward the $112 level.<\/p>\n<h2>Another Decline In SOL?<\/h2>\n<p>If SOL fails to rise above the $92 resistance, it could continue to move down. Initial support on the downside is near the $84 zone. The first major support is near the $80 level.<\/p>\n<p>A break below the $80 level might send the price toward the $72 support zone. If there is a close below the $72 support, the price could decline toward the $68 zone in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for SOL\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly Hours RSI (Relative Strength Index) \u2013 The RSI for SOL\/USD is above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $84 and $80.<\/p>\n<p>Major Resistance Levels \u2013 $88 and $92.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana failed to settle above $90 and remained in a range. SOL price is now facing hurdles near $90-$92 and might decline again below $80. SOL price started a decent recovery wave above $75 and $80 against the US Dollar. The price is now trading above $85 and the 100-hourly simple moving average. There is&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9868,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[174,121,251,177,129,76],"class_list":["post-9867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-sol","tag-solana","tag-solbtc","tag-solusd","tag-solusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9867"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9868"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}