Solana Technical Analysis: Is the legitimate Zahra possible, or are we facing a deep correction? What are the key indicators and potential scenarios for SOL's price movement?

Recently, Solana (SOL) has experienced a terrifying price movement, with the price collapsing from $148 to $95.5 due to a strong sell-off that reflects genuine selling pressure rather than just a normal correction. Recent data confirms that this zahra is not realistic at the moment; we are facing a true bearish scenario that requires extreme caution.

According to the latest available data as of February 9, 2026, SOL is trading at $87.06, down 0.37% over 24 hours, with a trading volume of $45.36 million, indicating ongoing pressure on the price.

The Sell-Off Wave and Price Pressure - The Current Reality

The move from 148 to 95.5 was not accidental but a structured movement. The high trading volume accompanying this decline confirms serious selling pressure rather than just random liquidation. After hitting a low of 95.5, the price temporarily rebounded to the 105 area, but this rebound appears to be the result of quick covering of short positions rather than genuine buying demand.

On smaller timeframes, the price moves sideways between $102-$107, indicating a consolidation phase rather than bullish strength. The decreasing trading volume during this consolidation confirms that the market is in a temporary pause, not a true reversal phase.

Critical Technical Levels and Resistance

Structurally, Solana still trades below all previous support levels, which have now turned into strong resistance. The $110-$116 zone represents a crucial resistance area, and as long as the price remains below this zone, any upward movement is merely a technical correction, not a change in the overall trend.

The overall trend remains clearly bearish, and sentiment is weak. The lack of strong bullish catalysts, combined with the generally weak market environment, confirms that the true zahra requires more time and conditions.

Expected Path and Next Steps

Any real trend reversal first requires reclaiming key resistance levels with strong trading volume and clear buying pressure, which has not yet occurred. Buyers have not shown the necessary confidence, and the market remains in a phase of consolidation and volatility.

Patience and waiting are essential. Before entering any trade, traders should wait until a genuine trend reversal is confirmed, not just a temporary corrective rebound. The current scenario still classifies Solana among weak stocks/coins, and risk caution is fundamental.