#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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Solana (SOL) is trading at approximately $87.96 as of February 8, 2026, marking a 2.0% recovery in the last 24 hours. Despite this minor bounce, the asset remains under significant pressure, having declined nearly 40% over the past month from highs above $140 seen in early January. Current market sentiment is characterized as "bearish," with technical indicators showing persistent selling pressure despite recent institutional accumulation.
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Solana Insights
-Institutional Buy-the-Dip: Corporate treasuries, notably Forward Industries (FWDI), have been actively increasing their SOL holdings during this 40% pullback, utilizing on-chain staking to earn approximately 8.05% in annual rewards.
-Network Upgrades: The ecosystem is preparing for the Alpenglow mainnet launch in Q1 2026, which aims to achieve 150-millisecond transaction finality. Additionally, the SIMD-0266 proposal scheduled for late 2026 will introduce the P-token standard, projected to reduce resource usage by up to 98%.
-Ecosystem Vitality: Solana maintains a robust DeFi ecosystem with $7.2 billion in Total Value Locked (TVL) and over $13 billion in stablecoins, supporting its long-term utility despite short-term price volatility.
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