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Solana hits 2.5-year low as $88M in long positions liquidate amid declining demand.

Technical Signals
04 Jun 2026
BeInCrypto
View Source
Bearish
pluang ai news

Solana (SOL) dropped to its lowest price since December 2023, falling toward $68 after over $88 million in long positions were liquidated in a single day. The selloff reflects weakening demand, as active addresses and social interest have steadily declined since February. The weekly chart confirms bearish momentum with price breaking key support levels and volume decreasing, signaling thin conviction behind rallies. Recovery depends on renewed network usage and spot demand to ease selling pressure.

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