--- title: "SOL stays below $80 amid mixed market sentiment: check forecast" type: "News" locale: "en" url: "https://longbridge.com/en/news/275889567.md" description: "Solana's SOL cryptocurrency is currently trading at $79, down 2.5% since Thursday and over 9% for the week, making it the worst performer among the top 10 cryptocurrencies. Mixed market sentiment and a negative funding rate indicate bearish trends, with potential further declines to $60 if the downtrend continues. However, recent inflows into Solana ETFs and positive whale activity suggest a possible recovery if bullish momentum returns. The current market conditions reflect uncertainty among traders, impacting SOL's price outlook." datetime: "2026-02-13T11:07:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275889567.md) - [en](https://longbridge.com/en/news/275889567.md) - [zh-HK](https://longbridge.com/zh-HK/news/275889567.md) --- # SOL stays below $80 amid mixed market sentiment: check forecast Bitcoin, Ether, XRP, and other leading cryptocurrencies are in the red after a brief rally on Wednesday. Solana’s SOL is the worst performer among the top 10 cryptocurrencies by market cap, down 2.5% since Thursday. It is currently trading at $79 per coin, following a correction of over 9% since the start of the week. On-chain and derivatives data show mixed sentiment among traders, making it harder for SOL to embark on a sustainable recovery. ## On-chain and derivatives data suggest mixed sentiment for Solana SOL is the worst performer among the top 10 cryptocurrencies this week as it is down 9% over the last few days. The bearish performance comes despite institutional demand for SOL ETFs returning this week. According to SoSoValue, Solana spot Exchange Traded Funds (ETFs) recorded inflows of $11.60 million through Thursday, ending two consecutive weeks of withdrawals. If the inflows continue, SOL’s price could rally higher in the near term. In addition to that, CryptoQuant’s summary data shows a positive outlook, despite the current bearish price action. SOL spot and futures market show large whale orders, cooling conditions, and buy dominance, suggesting a potential recovery for the cryptocurrency. However, the derivatives market indicates caution among retail investors. According to CoinGlass, SOL’s funding rate flipped negative on Friday, reading -0.0014%. The negative funding rate indicates that short positions are paying longs and hinting at a bearish sentiment. Finally, SOL’s Open Interest (OI) dipped to $5.01 billion on Friday, and it has been declining steadily since mid-January. The OI has now reached levels not seen since mid-April 2025. The decline in OI indicates waning investor participation and projects a bearish outlook. The mixed market sentiment highlights growing uncertainty among traders, and this could affect a possible bullish recovery. ## SOL could dip to $60 if the bearish trend persists Aligning with the broader crypto market, the SOL/USD 4-hour chart is bearish as Solana’s price extended its correction this week, falling nearly 9% following last week’s massive dip. At press time, SOL is trading at $79.87. If the downtrend continues, SOL could extend the decline toward last week’s low of $67.50. Closing below this level could see the asset extend further losses toward the next key psychological level at $60. The Relative Strength Index (RSI) on the 4-hour chart reads 36, approaching the extreme oversold condition, indicating strong bearish momentum. The Moving Average Convergence Divergence (MACD) also showed a bearish crossover three weeks ago, which remains intact, further supporting the negative outlook. However, if the bulls regain control, SOL could extend its recovery toward the key psychological level at $80. Further bullish movement would expose SOL to the Monday high of $88.01. 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