Solana Daily Market Update - Feb. 05, 2026
Solana has moved lower again after failing to stay above the 100–102 area. Price dropped quickly through the 96–97 support and reached the 92–90 zone, with a brief dip near the high-89s. This was a fast move, showing that sellers are still in control. Right now, the selling has slowed down, which means pressure is easing, but buyers have not clearly taken over yet.
On the bigger picture, the trend is still bearish.
$SOL is trading far below its previous strong levels, and nothing has been reclaimed yet. Because of this, any bounce from here should be seen as a short-term reaction, not a full trend change, unless price starts holding higher levels with strength.
On the lower timeframe, SOL is now at a very important area. The 92–90 zone is the main support. If price stays above this area, SOL can move sideways or bounce a bit. If price breaks below 90 and stays there, it would signal more downside and open the way toward 88–85.
Support zones:
92–90 (main support area)
88–85 (next support if 90 breaks)
Resistance zones:
96–97 (first resistance on any bounce)
100–102 (strong resistance above)
My suggestion:
I am not chasing shorts at this support and not buying just because price is low. The smart move is to wait. If SOL holds 90–92 and starts making higher lows on the 15-minute chart, a quick long toward 96–97 can be considered with tight risk. If SOL breaks and stays below 90, then the bias turns bearish again and shorts toward 88–85 make more sense. Until one of these happens, staying out is the safest choice.
#TrumpEndsShutdown #ADPWatch Trade
#SOL Here 👇👇👇