Solana breaks key support as network activity and participation slump
first published 2026-06-01T12:33:07Z
Solana closed eight consecutive red monthly candles for the first time in its history. SOL was trading around $81 after losing about $78 billion in market cap from its October 2025 peak, while onchain activity remained strong with 75.71 million daily transactions and about $5.3 billion in DeFi TVL. Traders are focused on the $80 support zone and resistance around $85-$90.
AI Analysis
The article reports a historic stretch of monthly losses, a large market-cap decline, and price trading near a key support level, all of which are directly relevant to short-term trading. Strong onchain activity partially offsets the weakness, but the dominant facts are bearish price action and technical pressure.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
Source Articles
- Solana Posts 8 Consecutive Red Months for First Time as Traders Watch $80 Support - Bitcoin.com
- Zcash slides to $572 as emergency patch exposes consensus fragility, can it become a top ten token? - Crypto News
- BNB Open Interest Explodes—Is a Major Breakout Around the Corner? - Coinpedia
- Solana Price Breaks Key Support as Network Activity Slumps—Will Bears Trigger a Short Squeeze Next? - Coinpedia
- Solana Price Breaks Key Support as Network Activity Slumps—Will Bears Trigger a Short Squeeze Next? - Coinpedia
- Solana Prepares for a Massive Tokenomics Overhaul to Slash Network Inflation - Bitcoin.com
