The post Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support appeared on BitcoinEthereumNews.com. Key Insights: Solana drops 18% in 30 daysThe post Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support appeared on BitcoinEthereumNews.com. Key Insights: Solana drops 18% in 30 days

Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support

3 min read

Key Insights:

  • Solana drops 18% in 30 days with $165M in long liquidations and $11M ETF outflows reported.
  • Network activity jumps: 2.29B transactions, 81% fee rise, and 62% increase in active wallet addresses.
  • Perp funding hits -17% as bearish sentiment grows, signaling extreme fear among traders and market caution.
Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support

Solana (SOL) dropped below a key price level of $103, raising the chance of a further decline. The current price stands around $101.14, down nearly 0.13% in the past 24 hours. Analysts warn that a break below this zone could push the token toward the next major support at $63.

The drop follows broader market pressure, with Bitcoin, AI stocks, gold, and silver also facing selling. Solana is now down around 18% in the last 30 days.

Price Weakness Linked to Broader Market Pullback

Solana fell to around $95–$100, its lowest price since April 2025. This comes during a broad wave of risk-off trading. Other assets, including Bitcoin and equities tied to AI, also moved lower during the same period. The drop in investor confidence pushed traders to reduce exposure to crypto and risk assets.

More than $165 million in long Solana positions were liquidated over the month. In addition, Phursey highlighted the ETF flows linked to Solana showed an $11 million outflow. This added selling pressure to an already weak market.

Despite the lower price, Solana’s network data shows increased activity. Over the last 30 days, transaction counts reached 2.29 billion. Network fees rose by 81%, and active wallet addresses grew by 62%. These metrics suggest that the use of the network is still rising.

Falling Solana Volume Signals Fear as Network Grows

Trading volume has dropped to around $22.8 billion, a clear decline from mid-2025 when Solana experienced strong rallies. This signals a shift in trader activity from fast rallies to quieter market conditions. The reduced volume suggests lower participation as investors wait for better signals.

SOL Trading Volume Drop | Source: Coinglass

Despite the lower price, Solana’s network data shows increased activity. Over the last 30 days, transaction counts reached 2.29 billion. Network fees rose by 81%, and active wallet addresses grew by 62%. These metrics suggest that the use of the network is still rising.

Funding rates on perpetual futures dropped to -17%, which suggests heavy bearish positioning. Traders betting against the price could face risk if the trend reverses. The current market conditions point to fear-driven price action. 

With the $103 support level broken, attention now shifts to $63 as the next major area of buyer interest. Solana price action shows that traders are cautious, especially with weak global sentiment, suggesting that fear is not limited to crypto markets.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/solana-deeper-pullback-loss-103-to-63/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
Marathon Digital BTC Transfers Highlight Miner Stress

Marathon Digital BTC Transfers Highlight Miner Stress

The post Marathon Digital BTC Transfers Highlight Miner Stress appeared on BitcoinEthereumNews.com. In a tense week for crypto markets, marathon digital has drawn
Share
BitcoinEthereumNews2026/02/06 15:16
Fintech in a Fragmented World: Building Financial Products Across Geopolitical Lines

Fintech in a Fragmented World: Building Financial Products Across Geopolitical Lines

For most of the last ten years, the fintech growth story was one without borders. Startups made digital wallets, payment platforms, lending systems, and trading
Share
Globalfintechseries2026/02/06 15:17