On February 10, 2026, at 11:40 (Beijing Time), SOL is quoted at approximately $88.2 USD, up 2.1% in 24 hours, down 18.8% for the week. After a sharp decline, it is now consolidating at a low level with insufficient trading volume, and the bearish pattern remains unchanged.

1. Core Technical Aspects

- Price and Pattern: Long upper shadow on the daily chart, 1h/4h charts oscillate narrowly between 87.0-89.5; the middle band of the Bollinger Bands is acting as resistance, rebound is weak, and the bearish structure continues.
- Indicators: RSI around 46, neutral leaning weak; MACD shows a golden cross at a low level but with short red bars, indicating insufficient momentum; moving averages are arranged in a bearish pattern, with price below MA5/MA10, showing clear resistance.
- Volume: Rebound lacks volume, spot selling pressure has slowed but buying has not increased, mainly driven by futures, lacking sustainability.

2. Key Price Levels (USD)

- Support: 87.0 (key support and resistance boundary, a break below or a second bottom); 83.0-82.5 (strong support, small positions can attempt long positions).
- Resistance: 93.5-94.0 (intraday strong resistance, a breakout could signal a trend reversal); 98.0-100.0 (concentrated trapped longs, 4-hour level sell points).

3. Trading Strategies (Light Positions + Stop Loss)

- Rebound Strategy: Reduce positions in stages as it rebounds to 93.5-94.0, target 91.0-89.0, stop loss at 95.0.
- Pullback Strategy: Light long positions if it pulls back to 87.0, stop loss at 86.0, target 89.0-91.0; if it breaks below 87.0, observe or short-term short, watch for 83.0-82.5.
- Position Size: Single trades ≤10%, avoid chasing high with heavy positions, strictly control leverage risk.

4. Risks and Drivers

- Risks: Weakening correlation with BTC, ETF fund outflows, liquidation of leveraged positions, poor rebound sustainability; large sell-offs or macro disturbances could trigger rapid declines.
- Drivers: Slight support from liquidity staking and ETF expectations, mainly short-term oscillation and correction, unlikely to see strong unilateral moves.