The Solana price tested the psychological level of 100 dollars on February 2, 2026, coinciding with deeply oversold technical readings across major timeframes. According to market reports, this historic demand zone is once again attracting interest from traders and institutions looking to capitalize on a potential trend reversal.
The asset’s decline pushed the Relative Strength Index (RSI) to minimum levels between 25 and 30 points, signaling an exhaustion of selling pressure in the short term. Despite this outlook, the daily chart displays a pattern of lower highs that complicates the recovery path, setting immediate hurdles at the 110-dollar mark for traders. Furthermore, technical analysts identify a critical supply band near 130 dollars, where the 50-day moving averages currently converge. If the valuation manages to break through this threshold, the next target would be 160 dollars, an area that has historically capped bullish rallies.
Network resilience and the impact of institutional capital flows
The significance of this move lies in the structural strength the network has maintained despite the volatility of the Solana price. Recently, daily transactions hit a two-year high of 109.5 million operations, while the Total Value Locked climbed to 73.4 million SOL. These figures demonstrate that the protocol’s real utility continues to expand, providing a fundamental floor for the network’s long-term growth.
Can the Solana infrastructure withstand the selling pressure from legacy asset holdings?
Nevertheless, bearish factors persist due to the continued selling of portfolios linked to the former FTX platform, acting as a constant drag on appreciation. If the current support at 95 dollars were to break under this pressure, the Solana price could retest lower levels near 85 dollars. For investors, this 100-dollar level has become a tactical battleground where institutional liquidity will be decisive for the next cycle.
The future outlook suggests a necessary consolidation phase before resuming a sustainable upward trajectory toward the 200-dollar range. Analysts project that if selling overhangs are resolved and Blockchain usage for micropayments remains high, the asset will see significant institutional growth through 2027. The ability of bulls to convert oversold momentum into a solid support structure will define the success of the financial recovery soon.
