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Solana hits seven straight monthly losses, trading near $80 amid weak demand and cautious market.

Technical Signals
01 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Solana ($SOL) has recorded seven consecutive monthly losses, trading below $100 for 87 days and holding near $80 amid weak buying support. Despite rising futures open interest and increased net long positions suggesting early accumulation, the spot price remains range-bound between $70 and $86, showing market indecision. A break above $86–$88 could trigger upward momentum, but failure may lead to sharp sell-offs due to high leverage and thin liquidity. Investors are closely watching for a breakout or further decline as volatility remains compressed and market sentiment cautious.

More News (SOL)

Solana tests $82 resistance, signaling potential breakout or consolidation ahead.

Solana tests $82 resistance, signaling potential breakout or consolidation ahead.

Solana (SOL) is testing a key resistance level near $82, a critical point that could determine if its recent rebound turns into a sustained breakout or falls back into consolidation. The token has gained nearly 15% this week after bouncing from mid-$...

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Securitize tokenizes $295M NYSE stock on Solana, boosting blockchain adoption and SOL price outlook.

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Securitize, backed by BlackRock, has tokenized $295 million of its NYSE-listed stock on the Solana blockchain during its IPO, marking a major step in merging traditional equity markets with blockchain technology. This move enhances Solana's credibili...

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11 hours ago
Solana usage peaks as SOL price climbs above $80, eyeing $90 potential in July

Solana usage peaks as SOL price climbs above $80, eyeing $90 potential in July

Solana's network usage hit a record high with 3.77 billion non-vote transactions in June 2026, driving the SOL token price above $80. This surge reflects growing adoption and on-chain activity, suggesting a favorable environment for further price gai...

Protocol Fundamentals
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Solana usage hits record high as SOL token surpasses $80 amid growing DeFi adoption.

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Solana's network usage reached all-time highs in mid-2026, processing nearly 3.8 billion transactions in June alone and maintaining about 7 million daily active addresses. Despite this surge in activity, the SOL token trades around $80, significantly...

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SOL price rebounds above $72 but onchain data signals weakening momentum.

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The cryptocurrency SOL has regained its price level above $72, indicating a short-term recovery. However, onchain data suggests that the momentum behind this price increase is weakening, which could imply limited upside potential in the near future. ...

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