Key levels to watch
The factors above align with SOL’s 55% price drop since mid-January, just a day after hitting its $270 all-time high.
The surge in Solana’ network activity driven by the TRUMP and MELANIA memecoin frenzy has clearly faded.
With the crypto market shedding over $200 billion and Bitcoin sliding below $80K, high-cap assets like SOL are struggling to hold key levels.
Sell-side liquidity has driven $40.75 million in long liquidations, reinforcing downside pressure.
Given weak on-chain demand on Solana network, heavy liquidations, and continued unstaking, SOL risks extending losses toward $100 – $112 – especially if Bitcoin fails to reclaim critical support.
SOL price
Source: TradingView (SOL/USDT)
This level previously acted as a strong demand zone a year ago, sparking a rebound to $180.
However, given the deterioration in Solana’s network activity and the broader risk-off sentiment, a FOMO-driven recovery remains distant, potentially exposing SOL to a deeper drop toward $100.
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Solana’s network activity hits multi-month lows – Is SOL headed for a $100 retest?
holding $120 looks increasingly difficult.
Is a deeper drop to new yearly lows next?
Key levels to watch The factors above align with SOL’s 55% price drop since mid-January, just a day after hitting its $270 all-time high.
The surge in Solana’ network activity driven by the TRUMP and MELANIA memecoin frenzy has clearly faded.
With the crypto market shedding over $200 billion and Bitcoin sliding below $80K, high-cap assets like SOL are struggling to hold key levels.
Sell-side liquidity has driven $40.75 million in long liquidations, reinforcing downside pressure.
Given weak on-chain demand on Solana network, heavy liquidations, and continued unstaking, SOL risks extending losses toward $100 – $112 – especially if Bitcoin fails to reclaim critical support.
SOL price Source: TradingView (SOL/USDT)
This level previously acted as a strong demand zone a year ago, sparking a rebound to $180.
However, given the deterioration in Solana’s network activity and the broader risk-off sentiment, a FOMO-driven recovery remains distant, potentially exposing SOL to a deeper drop toward $100.