#CryptoMarketPullback

#CryptoMarketWatch
Solana (SOL) has been one of the major coins hardest hit by the general bear market crash in the crypto market. Its current price is hovering around $74–$79 (having even tested the $70 level with a drop of around 13–18% in the last 24 hours). This level represents a loss of close to 40–45% from the $120–$130 range at the end of 2025/beginning of 2026, and is one of the lowest levels in the last 1–1.5 years. Key Points:
Recent downtrend: Parallel to Bitcoin's decline to around $63,000, SOL experienced sharp selling due to massive liquidations of leveraged positions, long position liquidations, and general risk aversion. After the psychological $100 level was broken, momentum remained entirely in the hands of sellers.
Market sentiment: The fear index is extremely high. SOL is underperforming Ethereum and Bitcoin; many analysts believe the capitulation phase has begun. Technical outlook: The 200-day moving average has already been broken. The main support zones are around $70–75 USD, with further breakouts potentially targeting $65 USD and even $55–60 USD. Resistance is very strong in the $90–95 USD range.
On-chain situation: Unstaking volume has increased by nearly 150% in recent weeks → increased liquid supply is increasing price pressure. Despite this, some long-term holders (especially institutional and whale-level) continue to accumulate at the bottom levels.
Long-term comments: Although institutions like Standard Chartered have lowered their target for the end of 2026 to the $250–310 range, they maintain ambitious predictions of $2,000 for 2030. Solana's future growth potential is still assessed through stablecoin micropayments, high TPS, and ecosystem development. In short: Solana is currently in a deep bear market, has lost significant value from its 2025 peak, and the signal for a short-term recovery is weak. With panic and liquidity constraints persisting across the market, many analysts suggest that a more solid bottom around $65-70 is needed first. However, historically, such crashes can also be seen as a preparatory phase for the next bull cycle.