On February 2, 2026, at 14:00 (UTC+8), SOL is currently trading at $108, down approximately 15% in the past 24 hours, touching a low of $103. The market is dominated by bears, oversold but with no clear reversal signals.

📊 Key Levels and Indicator Overview

- Resistance: $112-$115/$120; Support: $103/$98/$90 (Strong support at $98).
- Moving Averages: 50/200-day moving averages are in a bearish alignment, price is far from the moving averages, indicating strong bearish pressure.
- RSI(14): 20-25, deeply oversold, possibly a weak rebound but not a reversal.
- MACD( Daily): Bearish crossover, strong bearish momentum; Volume: increasing downward movement, selling pressure concentrated.

⚙️ Trading Strategies (by type)

- Contract Strategy (Aggressive): Short at $112-$115 on rebound, stop loss at $118, target $108-$103, break below to $98, position size ≤2%.
- Spot Strategy (Conservative): Mainly observe, scale-in gradually: 1-2% near $103; add another 1-2% if $98 stabilizes, total position ≤3%, stop loss below $98.
- Mid-term Strategy (Positioning): If $98 breaks effectively, medium-term target $90-$85, wait for weekly chart volume reduction signals to confirm bottom.

⚠️ Risk Management Points

- Contracts: Strictly prohibit high leverage, use small positions + strict stop losses to prevent chain liquidations.
- Correlation: Closely monitor BTC movements and US stocks, gold fluctuations; news may intensify volatility.
- Liquidity: Market selling pressure is concentrated; beware of slippage risks during extreme volatility.