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Solana drops 7.6% weekly, testing key $84 support amid bearish momentum and declining network activity.

Market News
28 Mar 2026
Tokenpost
View Source
Bearish
pluang ai news

Solana (SOL) fell about 7.62% over the past week to around $83.10, testing a critical support level near $84 as bearish momentum builds. The decline is driven by broader crypto market pressures including Bitcoin options expiry, ETF outflows, and geopolitical uncertainty. Network activity metrics show cooling demand, with declines in transactions, active addresses, and fees, reinforcing negative sentiment. Despite short-term weakness, Solana's strong developer ecosystem and high transaction throughput support potential medium- to long-term resilience if market conditions improve.

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