Solana is trading near $85 with a small loss in 24 hours, but that slight stabilization masks weeks of brutal declines, and the question is whether the worst is on the other side of the network or still ahead. SOL is down more than -70% from its 2025 highs, wiping out about -10% of its value in the most recent 14-day period alone as the price has fallen from around $98 to mid-$80s.
What makes this slide unusual is that on-chain activity has not collapsed along with price. DEX trading volume reached approximately $117 billion in January, with the network processing nearly 160 million trades each day. This is a headline-grabbing number in a bull market.
This decline reflects broader risk-off rotation rather than a deterioration specific to Solana. Analysts cited macro headwinds related to declining liquidity, spot virtual currency trading volume nearly halving from about $2 trillion in October to $1 trillion by late January, according to CryptoQuant, and expectations that the Federal Reserve will become more hawkish after President Donald Trump nominated former investment banker Kevin Warsh to head the Federal Reserve.
Stablecoin market capitalization has declined by about $10 billion, suggesting that capital is moving completely off-chain. Institutional capital flows have similarly turned negative, with the Spot Solana ETF posting outflows of $11.9 million in one day and about $8.92 million in a week, while corporate treasury holders are saddled with an estimated $1.4 billion in unrealized losses.
Could Solana price cross $90 this week?
$SOL 3 days
Hey, bear flag again
No one wants to believe #Solana could go from $44 to $30, but reality says it’s most likely
If you’ve been here long enough, you’ll realize that things can happen that you don’t think at first.
Please remove your emotions and just evaluate the chart fairly… pic.twitter.com/J8pPw3H7b1
— Crypto ₿ULL God, FSA, MAAA (@CryptoBullGod) May 26, 2026
Solana’s first meaningful support level is located at $83.5, with first resistance at $87.5 and a secondary ceiling at $88.8. A clean retrieval of the upper resistance band would be the minimum requirement that many technically minded analysts would require before treating the current pullback as anything more than a consolidation.
Three scenarios are worth tracking. On the bullish side, a definitive close above $88.40 on increased volume would signal new accumulation and open the way to the $95-$100 range. Our base case assumes continued range-bound movement between $84 and $88 as the market digests macro uncertainty.
The bearish case, and one of the technical analyzes on SOL’s current structure, flags as a live risk and includes a failure of the $83.5 support, which could accelerate the sell-off towards lower levels that have not been tested in months.
Alpenglow upgrades remain a long-term fundamental catalyst, but network upgrades are unlikely to stop momentum-based price declines in the short term. Patience seems to be the operative word.
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LiquidChain aims for first mover upside as SOL USD tests key levels
For investors watching SOL struggle through support and considering rotation options, the disconnect between Solana’s strong on-chain fundamentals and its weak price performance raises a sharp question: What captures the upside of network activity without the risk of single-asset drawdowns?
One early-stage project that follows exactly that theme is LiquidChain ($LIQUID). It is a layer 3 infrastructure protocol that blends the liquidity of Bitcoin, Ethereum, and Solana into a unified execution environment, and is a direct architectural response to the fragmentation that forces capital to take sides between chains.
The project’s integrated liquidity layer enables single-step cross-chain execution with verifiable payments, and its deploy-once architecture allows developers to access the BTC, ETH, and SOL ecosystems without the overhead of redeployment. The pre-sale price is currently $0.01463 per $LIQUID token and over $807,000 has been raised to date.
Visit the LiquidChain presale website here.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
Daniel Frances is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanisms. A crypto native since 2017, Daniel leverages his background in on-chain analytics to write evidence-based reports and detailed guides. He holds certifications from The Blockchain Council and is dedicated to providing “information acquisition” that breaks through the market hype and finds real-world blockchain utility.
