Solana has failed the $ 80 level

Solana SOL $83.37 Binance-Peg SOL 6.03% Market capitalization $91.68 million VOL. 24 hours $0.3 billion on Friday, February 13, is trading at around $ 79 after correcting more than 9% since the beginning of the week. Analysts note that online and derivative indicators give a contradictory picture of trader sentiment, which reduces the likelihood of a quick price recovery.

According to SoSoValue, institutional demand returned this week, with spot ETFs on Solana recording inflows of $ 11.6 million as of Thursday, breaking two consecutive streaks of outflows. If the trend continues, this could be a factor in the recovery of the quotes in the coming days.

CryptoQuant’s data also points to a more positive backdrop: the spot and futures markets are seeing large whale orders, cooling conditions, and dominant buying. This may indicate that large players are willing to support the asset even despite the current weakness in the price.

At the same time, the derivatives market is showing caution. According to CoinGlass, the funding rate for SOL turned negative (-0.0014%) on Friday, signaling bearish sentiment. The open interest fell to $ 4.96 billion and reached levels not seen since April 2025, reflecting declining investor participation and negative expectations.

Technical indicators confirm the correction: the RSI index on the daily chart is 26, which corresponds to a state of severe oversold, and the MACD has been maintaining a bearish crossover since January 19. If the decline continues, the price could drop to a low of $ 67.5 on February 6, and breaking through this level will open the way to the psychological mark of 60. If it recovers, the price could continue to the $ 80 level.