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Solana price drops below key support, risking further decline amid market sell-off and weak momentum.

Technical Signals
03 Jun 2026
Crypto news
View Source
Bearish
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Solana's price fell over 11% in three days, breaking below a major support level at $76.6, a threshold held since February. This drop was driven by liquidations and a broader crypto market sell-off, with technical indicators signaling further downside risk toward the low-$50 range. Despite the price weakness, Solana's network remains strong in stablecoin transfers, processing over $832 billion in Q1 2026 and gaining institutional interest from Mastercard. For a sustained recovery, Solana must reclaim the $76.6 support and surpass the 50-day moving average near $83, but current momentum favors continued declines amid macroeconomic and geopolitical uncertainties.

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