So, here we are with Solana doing its best impression of a tightly wound spring-because who doesn’t love a little suspense? It’s hanging out in a cozy little $77-$90 range like it’s a favorite coffee shop booth, but we all know that’s just foreplay for the market. With volatility fading faster than my New Year’s resolutions, we’re on the edge of our seats waiting for this bad boy to break out. Or break down. Whichever comes first!
$77-$90 Range Remains Firmly Intact
That’s right, folks! Solana is still strutting its stuff within the $77-$90 range like it’s trying to impress someone at a bar. According to our pal Umair Crypto, it’s been hanging there for 11 days, sweeping liquidity like it’s trying to clean up after a messy party. But hold your horses! The broader outlook suggests we might be heading south to $57. So if you’ve got your bags packed, you might need to unpack them again.
Currently, Solana is trading below its point of control (POC)-which sounds super technical and important. It’s like the market’s way of saying, “I’m not feeling great about this right now.” But hey, at least it’s consistent!
There’s a chance we might see a small move towards $81-$82. Or maybe even a quick jaunt to $93 if it gets particularly frisky. But unless that $90 mark gets a makeover into support with some strong volume-let’s be real, we might just call those moves “cute deviations” instead of actual breakouts.
For now, we’re just going to sit back and enjoy the show while we wait for this range to decide what it wants to do next. If it chooses to resolve downward, then hello $57! Until then, we’re living in the world of range-trading, and trend-trading is just a distant dream.
Solana Wyckoff Reaccumulation Unfolding After Brutal Downtrend
Trader Tardigrade has come in hot with a spicy outlook that suggests Solana is working on a classic Wyckoff Reaccumulation pattern-because why not add a little drama to the saga? After a grueling grind downwards that felt longer than waiting for a sequel to your favorite movie, it looks like Solana may be starting to build a base. Fingers crossed!
According to the detailed breakdown (that I’m sure took longer to write than a college thesis), Phase A kicked off with a dramatic Selling Climax (SC) near $110 in August 2024, followed by an Automatic Rally (AR) toward approximately $264. Then came Phase B, which was like the sequel nobody asked for, with Secondary Tests (STs) and a notable Upthrust After (UA) fakeout near $295. Talk about plot twists!
Fast forward to Phase C, which seems to have wrapped up with a Spring formation around the $68 level in early 2026-a sharp wick rejection that swept liquidity like it was spring cleaning. Now, we’re potentially entering Phase D, where Solana needs to stay above $95 for a confirmed Sign of Strength (SOS). No pressure, right?
If this whole dramatic structure continues to play out as planned, we could be looking at a Last Point of Support (LPS) near $150, a Backup (BU/LPS) zone around $250, and eventually a broad markup phase soaring toward $350-$500 or higher. But let’s not get too excited; SOL must keep defending that Spring low and show us some constructive volume behavior to validate this optimistic storyline. Otherwise, we might just have to go back to binge-watching our favorite shows instead!
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2026-02-17 06:28