SOL/USDT 1H Outlook: Critical Consolidation 📉
Solana is currently hovering near the critical $84.72 mark (Zero trend level). The market is deciding between a breakdown or a relief bounce.
The Setup:
Following the recent correction, price action has entered a consolidation phase. The immediate projection (yellow path) warns of a potential breakdown if the $84 level fails to hold as support.
Key Levels to Watch:
🚫 Resistance: $91 - $94 (Must reclaim to turn bullish)
🛡️ Support: $76 - $79 (First line of defense)
🎯 Target Zone: $58 - $63 (Bearish objective)
⚡ Live Update (Feb 17, 2026):
SOL is currently trading at $86.34, showing slight resilience above the zero trend line. Upcoming network upgrades like Alpenglow and Firedancer are providing some fundamental support, but the technical structure remains heavy.
NFA / DYOR