A trader posting as The Penguin told followers on X that he expects to turn bullish on Solana after previously holding a bearish view near the cycle top.
He framed the shift as a contrarian approach, saying he fades crowd sentiment and looks to get bullish when the broader mood turns negative.
The post accompanied a TradingView chart of Solana against the U.S. dollar on Coinbase using a three day timeframe, timestamped Feb. 11, 2026.
The chart showed SOL near $79.96 after a steep slide, with the session marked by a low near $78.00 and an 8% drop on the day alongside about 5.01 million in volume.
On the chart, price action from 2024 through early 2026 sits inside a wide range, with horizontal levels drawn near about $119 and $265 and a dashed reference line near $175.
After the latest breakdown, SOL fell through the lower band and then stabilized around the high $70s, where the chart places the current price tag.
The same snapshot also sketched a forward path that starts with choppy consolidation near current levels, then a move back toward the low $100s before a sharp rally projection later in 2026.
An inset box highlighted potential downside markers using extension labels near $62.97 and $40.87, while the broader drawing suggested the trader views the recent drop as part of a setup rather than a final trend call.
Trader says Solana “bottom is in” as chart projects move toward $401
An X user posting as DonWedge said Solana has likely set a bottom and is preparing for another rally, pointing to a TradingView chart that sketches a rebound path after a steep downtrend.
In the post, the trader wrote that “the bottom is in for $SOL” and said the token is “gearing up for its next leg up.”
The shared chart tracked SOL/USD on a 3 day timeframe and showed price near $83.99 at the time of the snapshot.
The chart marked a recent decline with two sloping trendlines, then drew a white, step like projection that turns higher after the drop.
That projected path climbed through the $100 area, then continued upward in waves, with a highlighted label near $401.947 placed as a distant upside reference.
A lower panel displayed RSI, which sat near 27.68 on the image, placing momentum near the oversold zone as price traded close to the low $80s.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 12, 2026 • 🕓 Last updated: February 12, 2026
