Solana (SOL) fell ~7% intraday to $81.86 amid market-wide risk aversion tied to the U.S.-Iran conflict. On the monthly timeframe SOL is down >30% and >44% from this year’s highs. Network metrics weakened: weekly on-chain revenue is down >30% from mid‑January and TVL declined from >$9B to $6.64B. Futures open interest has dropped nearly 45% from its January peak. Technicals show a bearish flag on the daily chart with indicators favoring sellers; downside risk targets the Feb. 6 low near $70, while a sustained break above $90 could open a move toward $100.

Facts: SOL dropped about 7% to $81.86; monthly performance is down >30% and >44% from this year’s highs; weekly on-chain revenue is down >30% from mid‑January; TVL fell from >$9B to $6.64B; futures open interest is nearly 45% below its January peak; a bearish flag appears on the daily chart with indicators favoring sellers and downside target near $70 (break above $90 could target $100).