Solana (SOL) officially dropped below the psychological $82 mark. It fell by more than 3.6 percent in the last 24 hours, and the main culprit is the Federal Reserve.
When the Fed shows a “hawkish” stance, markets tend to panic. They are not ready to lower interest rates yet.
At the time of writing, SOL is hovering around $81.1 as it tests technical support levels that may determine whether it stabilizes or extends a brutal 45% correction from its January high near $250.
The stock now sits 67% below its November 2021 all-time high of $260, with technical analysts warning that a sustained break below the $82 support area could trigger a quick selloff to $67 and possibly $50 in the coming weeks.
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Bearish Technical Patterns Signal Another Downside Risk: $870M SOL Exits Put
SOL/USDT after crash
SOL is holding just above the liquidity level of 80.48. A sweep below this zone followed by a quick retracement may result in a strong bounce. Initial resistance remains at 82.92, a clean break and hold above opens the door to the 84.21–85.54 FVG area.
If… pic.twitter.com/ezO7tNzqIA
– Kodark (@kodarkweb3) February 19, 2026
About $870 million of SOL has exited liquidation deals in recent weeks, adding significant liquidity to the market. Direct validator-staked SOL also decreased from 423.43 million to 419.07 million tokens, ensuring that owners reduce their locked positions.
Multiple bearish formations have emerged on Solana’s charts, creating a challenging technical environment for bulls. The cryptocurrency is trading below the 50-week and 100-week moving averages. Both the head and shoulders pattern and the bear flag formation have developed, suggesting continued downward pressure if key support fails. Could SOL rise to $41, a 50% drop from current levels?
In Bitcoin-denominated terms, the key support level remains at 0.00122 BTC. A break below this limit could trigger algorithmic selling and push SOL to 0.00110 BTC (about $74.25 at current Bitcoin prices).
However, repossession is still possible if buyers return guilty. A break above $91 would weaken immediate pressure and signal strong demand returning to the market.
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Standard Chartered Sees Solana Hitting $2,000 by 2030 Despite Bump in Road This Year
Standard Chartered recently updated its forecast for Solana, delivering a mixed bag for investors: a price cut target in the near term, but a big hike in the long term. The UK-based banking giant lowered its forecast for the end of 2026 to $250, down from an earlier forecast of $310. However, looking ahead, the bank now sees SOL hitting $2,000 by 2030.
Commenting on the update, Geoffrey Kendrick, the banking giant’s Global Head of Digital Assets Research said that decentralized exchange activity revolves around memecoin-led speculation on stablecoin-based trading pairs. When the bank started covering in mid-2025, Solana’s on-chain work was heavily focused on memecoin trading. Since then, the flow has shifted towards SOL-stablecoin pairs as speculative momentum has cooled.
Read More: Standard Chartered Sees Solana Hitting $2,000 by 2030 Despite Bump in Road This Year
Key Takeaways
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SOL is hovering around $81.1 as it tests technical support levels that may determine whether it stabilizes or extends a brutal 45% correction from its January high near $250.
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Meanwhile, Standard Chartered lowered its SOL forecast for the end of 2026 to $250, down from an earlier forecast of $310. However, looking ahead, the bank now sees SOL hitting $2,000 by 2030.
The post Why Is SOL Down Today? Solana Falls Below $82 After Hawkish Fed Signs appeared first on 99Bitcoins.
