SOL Technical Analysis Feb 9
The post SOL Technical Analysis Feb 9 appeared on BitcoinEthereumNews.com.
SOL continues to exhibit a downtrend among altcoins; with the LH/LL structure dominant, a critical support test is occurring at the $87 level. A BOS above $93.53 is necessary to break the structure, otherwise downside targets remain open. Market Structure Overview SOL’s current market structure reflects a clear downtrend. The price features an LH/LL structure characterized by lower highs (LH) and lower lows (LL) formed in recent weeks. This indicates the breakdown of the uptrend (HH/HL) and dominance of bearish momentum. Supertrend is giving a bearish signal and the price remains below EMA20 ($104.73), negativizing the short-term structure. Although RSI is at the 30.24 level close to the oversold region, the MACD’s negative histogram supports the downward momentum. In the MTF structure (1D/3D/1W), 9 strong levels were detected: 3 supports/2 resistances on 1D, 1 support/3 resistances on 3D, and 1 support/3 resistances on 1W, presenting an overall resistance-weighted outlook. This increases the obstacles SOL will face in upward movements and signals the continuation of the downtrend. Trend Analysis: Uptrend or Downtrend? Uptrend Signals For an uptrend, an HH/HL structure is necessary; however, no such pattern has been observed recently. Bullish continuation is not possible without breaking the last swing high at $93.5288 (score:74/100). If it holds above the $87.0425 swing low and RSI divergence forms (not present yet), an HH formation toward $113.9627 could begin. However, with the current price at $87.61, these signals are absent; bullish hopes depend on the $93.53 BOS. The 24-hour +0.67% increase is weak and remains speculative as long as it stays within the range ($82.86-$89.08). Downtrend Risk The downtrend is confirmed with LH/LL: An LH formed below the last swing high at $93.53, with swing lows $87.04 → $79.15 → $67.50 forming a clear LL pattern. In this structure, the price preserves its bearish…
Filed under: News - @ February 9, 2026 6:28 pm