SOL Weekly Technical Analysis
Solana
High-performance blockchain supporting fast and inexpensive decentralized apps and NFTs.
SOL Technical Analysis Summary
Solana is undergoing a significant correction on the weekly timeframe, having lost the support of the 50-week SMA and now trading below the critical 200-week SMA at 103.77. Momentum indicators are deeply bearish with the MACD below zero and RSI approaching oversold levels (32.87), indicating sustained selling pressure. Unless price can reclaim the 103-105 level quickly, the technical structure points toward a potential continuation to the lower Bollinger Band area around 78.
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SOL Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-week and 50-week SMAs, establishing a series of lower highs and lower lows. Momentum (MACD) is clearly negative, and the RSI is trending downward near oversold territory.
Long-term Sentiment (weeks to months): Bearish
The long-term uptrend structure has weakened significantly as price has fallen below the 50-week SMA (159.09) and is currently trading slightly below the critical 200-week SMA (103.77).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-02T07:24:23.914Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $97.91 | $95.83 - $100.00 | Weak | Current weekly low and psychological round number acting as immediate support. |
| $78.98 | $77.96 - $80.00 | Strong | Coincides with the Lower Bollinger Band and a historical structural consolidation zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $106.88 | $103.77 - $110.00 | Strong | The 200-week SMA has flipped from support to immediate resistance. |
| $155.11 | $151.13 - $159.09 | Strong | Confluence of the Bollinger Band Basis (20 SMA) and the 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | $78.00 | A clear corrective channel defined by lower highs and lower lows starting from the major peak above 200. |
| Strong | MA 200 Breakdown | Bearish | N/A | Price is currently testing and trading slightly below the 200-week Simple Moving Average, a critical long-term trend filter. |
Frequently Asked Questions about SOL
What is the current sentiment for SOL?
The short-term sentiment for SOL is currently Bearish because Price is trading below the 20-week and 50-week SMAs, establishing a series of lower highs and lower lows. Momentum (MACD) is clearly negative, and the RSI is trending downward near oversold territory.. The long-term trend is classified as Bearish.
What are the key support levels for SOL?
StockDips.AI has identified key support levels for SOL at $97.91 and $78.98. These levels may represent potential accumulation zones where buying interest could emerge.
Is SOL in a significant dip or a Value Dip right now?
SOL has a Value Score of 109/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.