21Shares has confirmed a distribution of staking reward for its Solana ETF TSOL as SOL seeks to stabilise near a critical support. Firm announced $0.316871 payout per share tied to stake rewards generated by underlying SOL positions.
Ex and Record Date is February 13, 2026. The investors will be paid on February 17, 2020. The update reinforces ETF yield mechanisms and comes as Solana’s price has risen sharply since recent lows.
Solana is currently trading at $85.06, a gain of 9.04% over the last 24 hours. The token is still showing a weekly drop of 2.36%. The trading volume is now above $4 billion. This reflects renewed activity on the market.
Solana also maintains a supply circulating of 570,000,000 tokens. Its market capitalization is therefore nearing $47.9 Billion.
The Short-Term Recovery Scenario as outlined by Analysts
Hamza pointed out that SOL’s lower-timeframe structure indicates Wave B ended likely near 50% Fibonacci’s retracement. The price reacted sharply from $76 to $78, creating a double-zigzag pattern.
The short-term trend has therefore shifted up. Hamza believes that $89.5 is the first potential target for an upward move, then $97. A prolonged move may test the resistance level of $100 to $102
Support is available between $81,5 and $80. But $76 is still the main invalidation threshold. If the price falls below this threshold, it will negate any bullish sentiment.
Source: X
BitGuru provided a more comprehensive perspective of trend direction. SOL is still in a downtrend, he said. The price is hovering near the support zone of $78-$80. If buyers can hold this support level, then a bounce towards $95 or $100 could be expected. In the opposite case, a failure to maintain support will likely lead to renewed downward pressure.
The Weekly Momentum Signals Extreme Situations
James highlighted some unusual readings of momentum on the weekly graph. James noted that the weekly RSI had dropped to its lowest record level.
MACD also prints the second-lowest reading ever recorded in its history. The indicators show a strong bearish trend. In the past, extremes like these have been preceded by either sudden reversals of capitulation.
SOL failed to maintain momentum previously above the resistance zone of $200-$210. The corrective pattern remains in place. The traders are therefore continuing to watch whether the current support will hold.
This site is for entertainment only. Click here to read more
