Unlocking Solana’s Secrets: Two Price Zones That Might Just Save the Day!

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  • Ah, dear readers, Solana finds itself in a rather precarious situation, languishing beneath the $120 mark – a veritable ghost of its former self, as the failed recoveries merely serve to confirm that we are indeed ensnared in a broader corrective market phase.
  • Our astute analyst points with great solemnity to the $60-$70 range, heralding it as the first bastion of support where, perhaps, the price may take a momentary respite and contemplate its existence.
  • Should this noble $60 falter, one can only imagine Solana’s forlorn return to the $25-$35 demand zone, the very cradle from which its last major rally was born. Quite the drama, don’t you think?

As the weekly chart of Solana flickers ominously, our crypto oracle, Scient, has recently laid bare a macro analysis of SOL, revealing a structure so bearish it could send shivers down the spine of even the most stoic investor.

The token trades about $85, a far cry from the critical resistance level it once knew so intimately. According to Scient, only two price zones are worthy of our attention; all else is mere cacophony in the grand symphony of crypto.

SOL Stays Bearish Below This Key Level

Scient delineates a line in the sand at $120, a threshold that once stood firm as a bastion of support but has since succumbed to the cruel twist of fate, morphing into a formidable resistance. Until Solana can reclaim this hallowed ground, the trend remains as bleak as a rainy day in Moscow.

MACRO

Two key zones where I expect a bottom to form:

1. The 0.75 fib pocket of the recent bull cycle ($60-$70) 2. The weekly demand FVG that fueled the expansion from $25 to $200.

Everything in between is just noise. A symphony of chaos!

For short term, as long as the price remains below…

– Scient (@Crypto_Scient)

Scient posits that rallies occurring beneath this fateful line are merely corrective bounces, not heralds of a trend reversal. The chart, in its infinite wisdom, reveals a series of lower highs since SOL reached its lofty heights of $200-$220 – a clear indication that we are witnessing a macro reset rather than a fleeting pullback.

Tracing back through three market cycles, one recalls how SOL soared from under $10 to over $250 during the 2021 bull extravaganza, only to languish between the $20 and $35 threshold during the somber accumulation period of 2022-2023.

This base paved the way for the subsequent rally to around $200 in 2024-2025. However, our dear Scient now suggests that we find ourselves amidst a distribution phase succumbing to correction.

The Only Two Zones Where a Bottom Could Form

Scient highlights two specific areas, each deserving of reverence. The initial sacred space lies within the $60-$70 confines, aligning with the esteemed 0.75 Fibonacci retracement of the recent bull cycle.

This Fibonacci level, historically, is where deep corrections often seek solace before embarking on their next adventure. Expect volatility and consolidation, dear reader, before any genuine bounce attempts make their presence felt.

The second zone sits much lower, around the $25-$35 range, a region Scient affectionately dubs the weekly demand fair value gap. This zone birthed the entire rally of 2024-2025, and thus, holds the most potent structural support on the macro chart. Should the $60-$70 level prove inadequate, this demand zone stands ready to catch our beleaguered friend, Solana.

Within the confines of $70 and $120, Scient perceives little of substance. This range may possess mid-level liquidity, but alas, it lacks structural advantage. One might anticipate a potential sideways dance near $70-$90 before the price decides on its next theatrical act.

To alter the bearish narrative, Scient insists that SOL must achieve a weekly close above $120. A mere wick above would be insufficient; true acceptance and maintenance above that level is paramount. Only then might we glimpse a potential move back to the dazzling heights of $150-$180.

As we stand upon the precipice of uncertainty, Solana currently trades at $85.15, with its 24-hour trading volume fluttering around a staggering $3.29 billion, accompanied by a slight gain of 0.68% in the past day. Truly, what a show!

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2026-02-18 00:02