#Solana SOL Price News & Insights Today 8-2-2026 - Technical analysis of #SOL, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 8, 2026, Solana (SOL) is trading at approximately $87.14 USD, representing a slight intraday decline of 0.44%. The network is currently navigating a period of high volatility following a sharp market-wide sell-off earlier in the week that saw prices dip as low as $67.31.
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Solana Insights
-Support & Resistance Levels: Analysts identify $93.00 as a critical resistance level that SOL must reclaim to signal a sustainable recovery. Failure to hold current support near $80.00 could lead to a deeper correction toward $60.00 or even $40.00.
-Institutional Developments: Despite price weakness, institutional infrastructure continues to expand. SOL Strategies Inc. recently reported surpassing 31,000 unique wallets and 4 million SOL in assets under delegation as of early February 2026.
-ETF Impact: The first spot Solana ETFs, approved in late 2025, are now active. Most include staking rewards, which is expected to bolster long-term institutional demand despite current macro headwinds.
-Market Sentiment: The Crypto Fear and Greed Index has recently plummeted to 5/100, indicating "extreme fear" and a potential market overreaction.
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