{"id":21078,"date":"2026-02-02T07:17:32","date_gmt":"2026-02-02T07:17:32","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-price-breaks-below-100-to-10-month-low-can-bulls-defend-the-next-support\/"},"modified":"2026-02-02T07:17:38","modified_gmt":"2026-02-02T07:17:38","slug":"solana-price-breaks-below-100-to-10-month-low-can-bulls-defend-the-next-support","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-price-breaks-below-100-to-10-month-low-can-bulls-defend-the-next-support\/","title":{"rendered":"Solana price breaks below $100 to 10-month low \u2014 Can bulls defend the next support?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Solana price has broken below the $100 level for the first time in ten months, putting the market\u2019s focus squarely on whether the next layer of support can hold.<\/p>\n<div id=\"cn-block-summary-block_05f22cfc6cfbcac24b54c7056da79cd7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Solana fell to $98, its lowest price since April 2025, extending a sharp multi-week downtrend.<\/li>\n<li>Weak volume, falling open interest, and oversold indicators suggest capitulation rather than aggressive shorting.<\/li>\n<li>Technical structure remains bearish unless bulls reclaim $100 and short-term moving averages.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As selling pressure continues to build throughout the crypto market, Solana has fallen below $100, bringing the token to its lowest level in about ten months. SOL was trading at $98.03 at press time, down 6.3% in the past day. <\/p>\n<p>Since early April 2025, when Solana (SOL) briefly fell below $100 before rising, this is the first sustained decline below that level. The current decline looks more severe. SOL is down nearly 20% over the last week and roughly 25% over the last 30 days.<\/p>\n<p>As prices decline, market activity also decreased. Solana\u2019s 24-hour trading volume fell 26% to  $7.63 billion, suggesting that the weekend sell-off may be easing. Derivatives reflect the same trend<\/p>\n<p>According to CoinGlass <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/SOL\/futures\" target=\"_blank\" rel=\"nofollow\">data<\/a>, total volume has dropped 21% to $19.26 billion, while open interest is down 5% at $6.15 billion, suggesting long positions are being unwound rather than new shorts aggressively entering.<\/p>\n<h2 class=\"wp-block-heading\">Macro pressure weighs on sentiment despite strong fundamentals<\/h2>\n<p>The broader crypto market has been under pressure. Over the weekend, a wave of liquidations swept through the market as heavily leveraged positions were forced out, amplified by thin liquidity.<\/p>\n<p>At the same time, expectations of tighter U.S. monetary policy resurfaced after President Trump nominated former Federal Reserve governor Kevin Warsh as the next Fed chair, a pick widely seen as hawkish.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Geopolitical concerns have added to the risk-off mood. Reports of rising U.S.\u2013Iran tensions have pushed investors toward safer assets, with crypto once again losing ground amid the uncertainty.<\/p>\n<p>That said, Solana\u2019s network data continues to show strength. crypto.news reported on Feb. 1 that the network processed over 2.34 billion transactions in January, a 33% increase, and more than Ethereum, Base, and BNB Chain combined. <\/p>\n<p>While Bitcoin and Ethereum products saw net outflows in January, U.S. spot Solana exchange-traded funds recorded $104 million in inflows, indicating that interest from traditional investors has also risen.<\/p>\n<h2 class=\"wp-block-heading\">Solana price technical analysis<\/h2>\n<p>Solana\u2019s daily chart remains bearish. A major psychological and structural level has been broken, as confirmed by the decline below $100, which strengthens the current downward trend.<\/p>\n<p>SOL continues to record lower highs and lower lows and is trading well below its declining 20-day and 50-day moving averages. The fact that recent attempts to rise have stalled close to the mid-Bollinger Band indicates that sellers maintain control even in small rallies.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Solana daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>The Bollinger Bands are widening, with the price hugging the lower band, suggesting that downward momentum is gaining strength rather than stabilizing. Momentum indicators are also stretched. <\/p>\n<p>The daily relative strength index has fallen to around 25, placing SOL deep in oversold territory. While this raises the chance of a short-term bounce, it does not, by itself, signal a trend reversal.<\/p>\n<p>On the downside, the next area to watch sits around $92\u201390, followed by $85, which previously acted as a consolidation zone. $80 stands out as a higher macro support level if selling pressure persists. <\/p>\n<p>Solana would have to recover $100 and stay above short-term moving averages for bulls to take back control. Until then, any upward movements will probably be seen as corrective within a bearish structure that is still dominant.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana price has broken below the $100 level for the first time in ten months, putting the market\u2019s focus squarely on whether the next layer of support can hold. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21078"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21078\/revisions"}],"predecessor-version":[{"id":21079,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21078\/revisions\/21079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5268"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}