Solana Below $100: How Low Could SOL Price Drop in 2026?
- Why Is Solana’s Price Crashing Despite Strong Fundamentals?
- Technical Analysis: SOL’s Critical Support and Resistance Levels
- Short-Term SOL Price Prediction: What’s Next?
- Solana vs. Ethereum: The DEX Volume Showdown
- FAQ: Solana’s Price Drop Explained
Solana (SOL) has had a rocky start to 2026, with its price dipping below $100 for the first time since February 2024. Despite strong fundamentals—including record-breaking tokenized stock volumes and a surge in decentralized exchange activity—SOL has lost 55% of its value year-over-year. Technical indicators suggest further downside potential, with key support levels at $94.17 and $89.00. This article dives into Solana’s price action, market dynamics, and what traders should watch next.
Why Is Solana’s Price Crashing Despite Strong Fundamentals?
Solana’s network activity tells a bullish story: $230M in tokenized stock volumes (an all-time high), $118B in DEX trading volume (up 20% month-over-month), and record on-chain transactions. At its peak, solana captured nearly a third of all decentralized trading volume. Yet, SOL’s price has dropped ~20% in days, highlighting a stark divergence between performance and valuation. Analysts attribute this to macro crypto headwinds and profit-taking after Solana’s 2025 rally. "The market’s ignoring fundamentals right now," notes a BTCC analyst. "But historically, chains with this much usage eventually rebound."
Technical Analysis: SOL’s Critical Support and Resistance Levels
As of February 5, 2026, SOL trades at $94.83—down 7.5% in 24 hours. Key observations:
- Bearish momentum: Price sits below the EMA-20 ($101.94) with lower highs/lows.
- RSI at 33: Nearing oversold territory but no reversal signals yet.
- Bollinger Bands: Width of $11.80 shows elevated volatility; price hugging the lower band.
Immediate support lies at $94.17 (today’s low), then $89.00. A close above $101.94 could signal relief, while a break below $94 may accelerate selling. (Data: TradingView)
Short-Term SOL Price Prediction: What’s Next?
The chart remains neutral-to-bearish. Two scenarios:
- Bull case: Hold $94.17, then reclaim $101.94 to target $116.89 (Fibonacci level).
- Bear case: Breakdown below $94 opens path to $89, possibly lower if Bitcoin weakens further.
With the RSI not yet oversold and MACD histogram accelerating downward, caution prevails. "Wait for a confirmed bounce before buying," advises a BTCC market strategist.
Solana vs. Ethereum: The DEX Volume Showdown
In January 2026, Solana briefly surpassed ethereum in DEX volume—a first for any chain. Key stats:
| Metric | Solana | Ethereum |
|---|---|---|
| 30-Day Volume | $118B | $105B |
| Growth (MoM) | +20% | +12% |
| Peak Market Share | 32% | 29% |
This dominance stemmed from meme coin mania and low-fee NFT trading. Yet, SOL’s price didn’t reflect the usage spike—a disconnect that may correct later in 2026.
FAQ: Solana’s Price Drop Explained
Why did SOL fall below $100?
Profit-taking, Bitcoin’s slump, and leverage liquidations triggered the drop despite strong on-chain activity.
Is Solana a good buy under $100?
Fundamentally, yes—but technically, wait for stabilization. The $89-$94 zone could offer an entry.
Could SOL drop to $50?
Unlikely unless bitcoin crashes. SOL hasn’t traded that low since 2023’s bear market.
