Solana Price Slides, but $80 Support Still Holds

[madmax]

Total crypto capitalization (orange, left) vs. SOL/USD (green, right). Source: TradingView

Solana’s native token SOL has dropped around 11% after failing to break above $93, with price action repeatedly testing the $80 support level. Declining network fees and weaker DEX activity have added pressure, raising concerns that SOL could revisit the $75 range if momentum doesn’t recover.

However, the broader crypto market context matters. While SOL has underperformed recently, its correction reflects short-term weakness rather than a collapse in fundamentals, with traders closely watching whether the $80 level can continue to act as a floor.

[mendez]

sol drops 11% and suddenly everyone’s a macro analyst, love to see it