Solana is trading near $85 with a slight 24-hour loss, but this modest stability belies a brutal multi-week pullback, and the question now is whether the worst is behind the network or still ahead. SOL has lost more than -70% from its 2025 highs, with the last 14-day leg alone losing nearly -10% of its value as the price fell from near $98 to the mid-$80s.
What makes this slide unusual is the backdrop: on-chain activity has not collapsed along with the price. Live trading volumes for January reached nearly $117 billion, and the network processed nearly 160 million daily transactions, numbers that would make headlines in a bull market.
The selling reflects a broad shift in risk aversion rather than Solana’s deterioration. Analysts point to weak liquidity, spot cryptocurrency trading volumes nearly halving from about $2 trillion in October to $1 trillion by late January, according to CryptoQuant, and macro headwinds tied to a more hawkish Fed outlook following President Donald Trump’s nomination of former investment banker Kevin Warsh to lead the institution.
The market capitalization of stablecoins has fallen by about $10 billion, indicating that capital is moving off-chain entirely. Institutional inflows turned negative as well, with Solana ETFs recording outflows of $11.9 million in one day and about $8.92 million for the week, while holders of corporate Treasuries suffer unrealized losses of about $1.4 billion.
Can Solana price recover above $90 this week?
$ sol 3Day
Look, another bear flag
No one wants to believe #Solana It could drop to $44-$30, but the reality is that this is more likely
You’ve been here long enough to know that what’s not initially expected can happen
Remove the emotions and just evaluate the chart unbiased… pic.twitter.com/J8pPw3H7b1
– Crypto ₿ULL God, FSA, MAAA (@CryptoBullGod) May 26, 2026
The first concrete support level for Solana is at $83.5, with a primary resistance at $87.5 and a secondary ceiling at $88.8. A clean retake of this upper resistance band would be the minimum requirement that most technically oriented analysts require before treating the current bounce as anything more than a consolidation.
There are three scenarios worth pursuing. In the event of a rally, a decisive close above the $88.40 level with increased trading volume would signal a renewed buildup and open the way towards the $95-100 range. The base case assumes continued movement within a range between $84 and $88, as the market absorbs overall uncertainty.
Bear case, and one Technical analysis of the current structure of SOL This indicator includes, as a live risk, a failure of the $83.5 support level, which could accelerate the sell-off towards lower levels that have not been tested for several months.
the Alpenglow upgrade They remain a key long-term catalyst, but network updates rarely stop momentum-driven price declines in the near term. Patience seems to be the operative word.
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LiquidChain targets early bullish movement as SOL USD tests key levels
For investors watching SOL grind through support and weighing rotation options, the divergence between Solana’s strong on-chain fundamentals and its weak price performance raises a pointed question: What captures the upside in network activity without the risk of individual asset drawdowns?
One early-stage project positions itself around exactly this thesis LiquidChain ($liquid)a layer 3 infrastructure protocol that integrates the liquidity of Bitcoin, Ethereum, and Solana into a unified execution environment, is a direct architectural response to sharding that forces capital to choose sides between chains.
The project’s unified liquidity layer allows for single-step cross-chain execution with verifiable settlement, and its deployment architecture means developers can access BTC, ETH and SOL systems without the need to redeploy. The pre-sale price is currently $0.01463 per LIQUID token, and over $807,000 has been raised so far.
Visit the LiquidChain pre-sale site here.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Daniel Francis is a technical writer and Web3 educator specializing in macroeconomics and DeFi mechanics. A crypto native since 2017, Daniel brings his background in cross-chain analytics to author evidence-based reports and detailed guides. It is certified by the Blockchain Council and is dedicated to providing “information gain” that cuts through the market noise to find blockchain’s real-world utility.
