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Solana faces selling pressure as $110M in tokens move to exchanges amid bearish technical signals.

Technical Signals
05 Apr 2026
Blockonomi
View Source
Bearish
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Approximately 1.40 million Solana (SOL) tokens, valued at around $110 million, were transferred to exchanges within 72 hours, indicating potential sell-side pressure. Technical analysis shows a bearish breakdown below a key $85 level and a moving average crossover suggesting further declines, with immediate support at $77 and a risk of falling to $66–$70 if that fails. Despite price weakness, Solana's ecosystem grows with over $2 billion in real-world asset tokenization and new enterprise banking infrastructure by SoFi. Market watchers see $75–$78 as a critical zone that could trigger either a sharp rebound or continued losses.

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