<div id="readability-page-1"><img width="1536" height="1024" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/image-229.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/01/image-229.png"/>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. <h2>On-chain and derivatives data suggest mixed sentiment for Solana</h2>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.<h2>SOL could dip to $60 if the bearish trend persists</h2>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. <figure><img width="1024" height="474" src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/02/SOLUSD_2026-02-13_11-29-23-1024x474.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2026/02/SOLUSD_2026-02-13_11-29-23-1024x474.png"/></figure>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.The post SOL stays below $80 amid mixed market sentiment: check forecast appeared first on Invezz</div>

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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.

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21Shares Solana ETF

VanEck Solana ETF

ProShares Ultra Solana ETF

Solana ETF

Grayscale Solana Staking ETF

Invesco Galaxy Solana ETF

Fidelity Solana Fund

2x Solana ETF

SOL stays below $80 amid mixed market sentiment: check forecast