Current Price and Market Overview
As of February 12, 2026, Solana (SOL) is trading around $80, reflecting a volatile period with a 24-hour change of approximately +0.28% but significant longer-term declines: -3.74% over the past day (adjusted for intraday moves), -18.34% weekly, -42.79% monthly, and -58.56% over six months.5c617e The market cap stands at roughly $45-50 billion, with 24-hour trading volume at $3.37 billion, indicating high liquidity but persistent selling pressure amid broader altcoin weakness.1c488aee8d8a Despite price struggles, on-chain activity remains robust, with surging network fees (up to 65,000 SOL recently) and record highs in DeFi and NFT engagement, highlighting a disconnect between fundamentals and market sentiment.ce48fcb0e0a7
Key Technical Indicators
Moving Averages (MAs): Neutral overall, but bearish bias persists. SOL is trading below key EMAs, including the 50-day (~$86-92) and 200-day (~$127), signaling continued downside dominance.b69899dcdffbea6c10 On higher timeframes (daily/weekly), price is below all four major EMAs, reinforcing the bearish structure.6702f3
Relative Strength Index (RSI): Oversold on daily charts (near lows since late 2022), with bullish divergences forming, suggesting potential exhaustion of sellers and a reversal signal.b367053bf647 Weekly RSI at extreme lows could act as an early buy indicator if support holds.1b5e70 Stochastic RSI on shorter frames (1H) is low, hinting at building bullish momentum.8d3b0b
MACD and Oscillators: Neutral, with no strong signals, but Ichimoku Cloud above price indicates ongoing bearish pressure.0ce036
Other: Chaikin Money Flow (CMF) shows improving demand, with positive shifts supporting recovery potential.57399e Elliott Wave analysis points to a possible Wave 5 capitulation or Wave 4 ending at 0.382 Fibonacci, with high reversal probability.bb99f35ea71b