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Solana price nears $80 support amid bearish double top, risking deeper drop to $75.

Market News
28 May 2026
Crypto news
View Source
Bearish
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Solana's price has fallen close to the critical $80 support level after forming a bearish double top near $98, signaling a potential deeper correction toward $75. Large-scale selling resumed by major holders like Pump.fun and a five-year staker liquidating $137.7 million in tokens intensified the decline. Market-wide crypto weakness, driven by geopolitical tensions and rising oil prices, has reduced appetite for riskier assets like Solana. Analysts warn that failure to hold $80 could trigger further liquidation and push the price lower, while a recovery above $84 might stabilize the token temporarily.

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