Solana Slips Below $100, Hits Lowest Level in 10 Months as Support Comes Into Focus

For the first time in ten months, Solana’s native token, , has dropped below the psychologically significant $100 threshold. This continues a sharp slump that has persisted for weeks and draws traders’ attention to support zones. The drop occurs as the rest of the cryptocurrency market faces increased tradeing pressure, liquidations, and economic changes.

Price Action with the Recent Drop

As of ahead February 2026, Solana was worth about $103.04. During the day, it dropped to $96.60 then rose to $106.04. The token dropped to $98.03, its lowest since April 2025, a 10-month low. In the last 24 hours, SOL has dropped almost 6.3%. In the last seven days, it has dropped almost 20%, and in the last 30 days, it has dropped over 25%. 

Trading volume fell 26% to $7.63 billion over 24 hours. Open interest in derivatives fell 5% to $6.15 billion, while overall derivatives volume fell 21% to $19.26 billion. These numbers point to capitulation amongrather than aggressive new shorting.

Indicators of Technology Signal Negative Momentum

Solana’s shows that it is still in a bearish pattern, with lower highs and lower lows. The coin is trading considerably below its 20-day and 50-day moving averages, which are both going down. The Bollinger Bands have widened, and the price is hugging the bottom band, indicating that the downward trend is strengthening. 

The daily has dipped to about 25, which means that SOL is very oversold. Analysts say an oversold reading makes a short-term relief rally more likely, but it doesn’t mean the negative trend is over. Momentum indicators are still stretched to the downside.

Pressures From The Broader Market and The Economy

The trade-off is in line with the broader fragileness in cryptocurrencies, driven by people tradeing severely leveraged holdings over the weekend when liquidity was low. later than President Trump chose Kevin Warsh, a former Federal Reserve governor who is viewn as hawkish, to be the next Fed chair, expectations for tighter U.S. have intensified.

Geopolitical uncertainties, such as reports of rising tensions between the U.S. and Iran, have made people even more risk-averse, leading investors to choose securer assets over volatile cryptocurrencies like Solana.

Even though the price is low, Solana’s network fundamentals remain strong. In January 2026, the blockchain processed more than 2.34 billion transactions, a over the previous month. It also had more volume than ETH, Base, and BNB Chain combined.

During the month, U.S. spot Solana ETFs brought in $104 million, while BTC and ETH products had net outflows.

Outlook: Levels of Support and A Possible Path for A Reversal

Technical analysis shows that bulls need to regain control by getting back above $100 and staying above . If they don’t, rallies will likely remain corrective within the bearish framework. If people keep tradeing, SOL might move toward the next support cluster at $92–$90, then the prior consolidation zone at $85, and finally the macro support zone near $80. 

The oversold RSI suggests a probable short-term comeback, but the main structure shows that caution is needed until clear bullish indications appear. As traders keep an eye on these significant levels, Solana’s ability to avoid further losses will depend on a return to stable sentiment and increased purchasing demand amid persistent macroeconomic uncertainty.