The post SOL Trapped in Tight Range After Massive Selloff appeared on BitcoinEthereumNews.com.

Solana stabilized after a steep selloff, as short term trading compressed into a tight range on lower time frames. Meanwhile, a higher time frame breakdown kept focus on whether the market can defend the next key support bands. Solana Holds Range as Bluntz Flags Early Accumulation Signs Solana traded near $83 on the 4-hour SOLUSD chart on Coinbase after an extended decline that pushed price well below major moving averages. The broader trend remained bearish, as SOL stayed under the 50-period, 100-period, and 200-period simple moving averages. At the time of the chart, the 50 SMA sat near $83.80, the 100 SMA near $85.43, and the 200 SMA near $104.05. Therefore, overhead resistance clustered above the current price zone. Solana U.S. Dollar 4 hour chart. Source: TradingView / X However, price action began to compress into a defined range between roughly $78 and $92. Within this box, SOL printed a sequence of lower lows followed by a modest rebound and then another dip, which the analyst marked as an A-B-C structure. As a result, price stopped trending in a straight line lower and instead moved sideways. This shift suggested a pause in downside momentum rather than a confirmed reversal. In a post on X, trader Bluntz said he still believes the Solana bottom is forming in this area and described the current price action as the early stage of accumulation. According to his view, the market is absorbing sell pressure after the sharp drawdown. Meanwhile, the chart projection sketched a choppy base, followed by a gradual push higher toward the upper boundary of the range and later into the mid-$90s area. Even so, the projection remained a scenario rather than a confirmed outcome. Momentum indicators reflected the same hesitation. The 14-period RSI hovered in the mid-40s, which showed neither oversold…

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Filed under: News - @ February 21, 2026 10:21 am