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