Key Points
- Solana drops over 70% despite strong on-chain activity and DEX volumes.
- Key support at $83.5; recovery above $88.4 needed for bullish momentum.
Solana is trading near $85 with a slight 24-hour decline, capping a multi-week downturn that has erased more than 70% from its 2025 peak.
The latest two-week stretch alone saw the token fall roughly 10%, sliding from around $98 into the mid-$80s.
Despite the price weakness, network activity has remained firm.
January decentralized exchange volumes reached about $117 billion, while daily transactions averaged close to 160 million.
The sell-off has largely coincided with a broader risk-off shift across crypto markets rather than a sharp deterioration in network fundamentals.
Spot trading volumes across the sector reportedly fell from approximately $2 trillion in October to $1 trillion by late January, reflecting thinner liquidity conditions.
Macroeconomic uncertainty has also influenced sentiment, as expectations of a more hawkish Federal Reserve stance weighed on risk assets.
Stablecoin market capitalization declined by around $10 billion, indicating capital moving away from on-chain markets.
Institutional flows have shown weakness, with spot Solana ETFs posting single-day outflows of roughly $11.9 million and weekly outflows near $8.92 million.
Corporate treasury holders are estimated to be carrying about $1.4 billion in unrealized losses.
Key Price Levels in Focus
Immediate support for Solana is located near $83.5, with resistance emerging around $87.5 and $88.8.
A sustained move above $88.40 on stronger volume is viewed by technical analysts as a prerequisite for a shift toward bullish momentum.
In a bullish scenario, a breakout above resistance could open a path toward the $95 to $100 range.
The base case предполагаes continued consolidation between $84 and $88 as markets process macroeconomic uncertainty.
Failure to hold the $83.5 support level may increase downside pressure, potentially sending the price toward lower levels not visited in recent months.
Network upgrades such as the Alpenglow update remain longer-term developments, though such changes typically have limited immediate impact on short-term price trends.
LiquidChain Positions Around Cross-Chain Liquidity
As Solana tests key technical levels, some investors are evaluating alternatives designed to reduce single-asset exposure.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project aiming to combine liquidity from Bitcoin (BTC), Ethereum (ETH), and Solana into a unified execution framework.
The protocol’s model centers on cross-chain execution with verifiable settlement, allowing developers to deploy once while accessing multiple ecosystems.
The presale price is listed at $0.01463 per LIQUID token, with more than $807,000 reportedly raised so far.
