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1 min read

Solana bulls absorb despite falling prices – Can SOL hold $78.5?

February 09, 2026
about 3 hours ago
AMBCrypto
Original Source
TechTrendEcho's Take

Solana shows absorption and exhaustion signals, but bearish structure still defines near-term risk.Over the past 72 hours, roughly 1.077 million SOL have been withdrawn from centralized exchanges, significantly reducing readily available sell-side liquidity. This supply contraction has unfolded alongside a sharp price decline, At press time, Solana [SOL] was trading near $84.47, down 4.37% over the last 24 hours, at press time. Importantly, these withdrawals did not follow a relief rally. Instea

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