{"id":9771,"date":"2026-02-03T05:11:09","date_gmt":"2026-02-03T05:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/solana-price-forecast-turns-bearish-after-100-breakdown-can-next-support-stop-the-slide\/"},"modified":"2026-02-03T05:11:09","modified_gmt":"2026-02-03T05:11:09","slug":"solana-price-forecast-turns-bearish-after-100-breakdown-can-next-support-stop-the-slide","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/solana-price-forecast-turns-bearish-after-100-breakdown-can-next-support-stop-the-slide\/","title":{"rendered":"Solana Price Forecast Turns Bearish After $100 Breakdown, Can Next Support Stop the Slide?"},"content":{"rendered":"

The Solana price has entered the new month under pressure after losing a level that had acted as a psychological anchor for much of the past year. The token\u2019s drop below $100 shifted market attention from recovery narratives to damage control.<\/p>\n

Traders are now closely watching whether upcoming support levels can halt a decline that has accelerated amid overall weakness in the crypto market. Although network activity and institutional interest continue to draw attention, short-term price movements have clearly shifted into a bearish trend.<\/p>\n

\"Solana<\/p>\n

Solana Price Breaks $100 as Selling Pressure Builds<\/strong><\/h2>\n

Before bouncing back to the current $102 level, the Solana price dipped to around $98, marking its lowest point in nearly ten months and extending losses to nearly 20% over the past week and approximately 25% over the last month.<\/p>\n

Trading activity has thinned as prices fell, with spot volume and derivatives participation both declining. Data from CoinGlass<\/a> shows falling open interest, suggesting long positions are being unwound rather than a surge in aggressive short selling.<\/p>\n

The move has not occurred in isolation. A wave of market-wide liquidations over the weekend, combined with thin liquidity, amplified downside moves across major cryptocurrencies.<\/p>\n

Macroeconomic concerns have also weighed on sentiment after renewed expectations of tighter U.S. monetary policy following President Trump\u2019s nomination of Kevin Warsh as the next Federal Reserve chair, a choice viewed as hawkish by markets.<\/p>\n

Technical Outlook Points to Lower Support Levels<\/strong><\/h2>\n

From a technical perspective, Solana\u2019s structure<\/a> has weakened. The break below $100 confirmed a pattern of lower highs and lower lows, with the Solana price hovering well beneath its declining short-term moving averages.<\/p>\n

Bollinger Bands are widening, and Solana price action remains near the lower band, suggesting downward momentum remains dominant rather than stabilizing.<\/p>\n

Momentum indicators underline the pressure. The daily relative strength index is hovering near 25, placing SOL deep in oversold territory. While this increases the probability of short-term bounces, it does not, on its own, signal a trend reversal.<\/p>\n

On the downside, traders are watching the $95 area closely, followed by a broader $92\u201390 zone. Below that, $85 and $80 stand out as larger historical support levels. Some on-chain and pattern analyses suggest that if selling accelerates, thinner support could expose deeper zones later in the year.<\/p>\n

Fundamentals Remain Active Despite Weak Price Action<\/strong><\/p>\n

Despite the bearish price forecast, Solana\u2019s underlying network metrics<\/a> remain comparatively strong. January transaction counts rose sharply, and recent data shows continued growth in on-chain activity and stablecoin usage.<\/p>\n

Institutional interest has been mixed but not absent, with earlier January inflows offset by more recent Solana ETF outflows.<\/p>\n

Currently, the technical picture dominates. Solana would need to reclaim $110 and hold above key moving averages to ease bearish pressure. Until that happens, rallies are likely to be viewed as corrective moves within a broader downtrend, leaving the next support levels as the market\u2019s immediate test.<\/p>\n

Cover image from ChatGPT, SOLUSD chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

The Solana price has entered the new month under pressure after losing a level that had acted as a psychological anchor for much of the past year. The token\u2019s drop below $100 shifted market attention from recovery narratives to damage control. Traders are now closely watching whether upcoming support levels can halt a decline that…<\/p>\n","protected":false},"author":1,"featured_media":9772,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[174,176,121,177],"class_list":["post-9771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-sol-price","tag-solana","tag-solusd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9771"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9772"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}