Solana’s (SOL) Massive February Shock: 11% Move to $149 Ahead

Solana (SOL) is once again facing challenges. Currently, the price is $138.55, reflecting a price increase of 3.76% in the last 24 hours. The trading activity has not decreased and is still over $10 billion, which indicates that the interest is still there. However, the atmosphere is rather thick. The Fear and Greed Index indicates 25 points. This is the level of extreme fear. For those who invest in SOL, it is a well-known area.

The token is far from its peak. Solana reached an all-time high of $295.40 on January 19, 2025. Since then, the market has cooled. The cycle low came at $96.09, followed by a strong rebound to $252.85. That rally failed to hold. Price action since then has been choppy and unforgiving.

The token isn’t anywhere near its peak. Solana’s price peaked at $295.40 on January 19, 2025. After that, the market got cold. The minimum of the cycle was at $96.09, then a powerful recovery took place up to $252.85, but that recovery did not succeed in being maintained. Price movements since then have been rough and brutal.

Also Read: Solana Surpasses Major Exchanges, On-Chain Volume Hits $1.6 Trillion in 2025

Solana Price Action Reflects Fear, not Collapse

The signals for the short-term period are predominantly negative. The technical indicators are showing more red than green. 19 out of 31 indicators are giving bearish signals. The 50-day Simple Moving Average (SMA) is projected to decrease to $134.51, while the 200-day SMA will be around $164.69 in the coming month. The momentum has slowed down, but it is still there.

The RSI has a value of 56.98. This is a neutral indication. Solana is in an equal supply-demand situation. This is important. It indicates that the selling pressure is in control and not through a panic. Throughout the last month, SOL was able to make a profit in terms of green candles for half of the days with a small volatility of 3.69%.

Major price levels are very close to each other. The support prices are located in the range of $131 to $133. The resistance stops price movement around $137. A price movement in either direction will most probably determine the market trend for the next few weeks.

Solana Long-Term Outlook Still Hints at Recovery

Undoubtedly, there will be a slight downturn in the short run; however, the predictions continue to be optimistic. Solana is expected to grow by almost 11% and hit $149.10 by the end of 6 February 2026. Throughout the year, the cryptocurrency’s worth will possibly be in the range of $134.45 to $170.70. The mean anticipated price of $159.88 signifies an upside of more than 23% from the present prices.

Inflation still counts as a factor. Solana’s inflation supply is at 563.4 million SOL with a yearly inflation rate of 16.66%. More than 80 million tokens were produced last year. It indeed adds pressure but it is not an announcement of new information. The market has been considering this already.

Correlation statistics reveal a different scenario. Solana is very dependent on the price movement of main coins like Ethereum and other high-cap coins. SOL seldom remains inactive when the overall market stabilizes.

Also Read: Solana (SOL) Price Gains Momentum in Early 2026, Holding Crucial $130 Support