- Solana drops below $100, breaking key support levels and signaling bearish momentum.
- A 17% decline in Solana’s price follows a $200M token unlock and market selloff.
- Solana’s DeFi ecosystem remains strong, surpassing BNB to become the second-largest platform.
Solana (SOL) reached a 52-week low of $97.85 during recent trading sessions, a 17% decline from the previous day. This drop occurred amid a broader market downturn, which caused a significant decline across the cryptocurrency sector.
Solana’s price dropped below $100 in April 2025, a historically significant psychological threshold. The token reflects a significant price decline from $180 in early March, indicating substantial bearish market pressure.
Technical indicators like MACD and RSI also support bearish momentum. The MACD is trading below the signal line, which indicates a bearish momentum. Furthermore, the RSI value of 30.14 signals that the coin is in oversold territory, indicating strong selling pressure and a bearish trend.
Community Sentiment and Market Reactions
Recent price movements of Solana have generated diverse sentiments among crypto community members. The investor outlook on this price decline varies because some see it as a potential purchasing window, whereas others suspect serious market structure problems behind this bearish period. Solana’s price volatility worsened when 1.79 million SOL tokens valued at over $200 million were unlocked on April 4th, thus exacerbating market sell-offs.
According to Arkham Intelligence, the token unlock is considered to be one of the largest single-day unlocks scheduled until 2028. The event hit during an already turbulent market, amplifying selling pressure.
Despite the downturn, Solana’s DeFi ecosystem maintained stability after the price drop. According to data provided by DeFiLlama, Solana surpasses BNB Chain in TVL to become the second-biggest DeFi platform after Ethereum.
Related: Solana Eyes 60M CU Blocks to Enhance Performance: Report
Analyst Insights and Investment Strategies
Market experts track Solana’s technical structure and trading patterns. A break below the $100 support mark indicates that additional price decreases could extend to $86.50. Some market analysts predict Solana’s extreme price weakness may result in a brief recovery that could push the price to $115-$120, enabling short-term gains for traders.
Investors should carefully monitor the market as they watch out for resistance areas at $130 and $180 because these regions functioned as previous consolidation and support zones. A low probability exists for a bullish market reversal during this period unless market sentiment shifts, accompanied by increased buying volume and positive macroeconomic conditions.
