Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Solana breaks $74 support, risking a drop to $50 amid broad altcoin selloff.

Technical Signals
07 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

Solana (SOL) fell below its key $74 support level, signaling a bearish trend amid a wider altcoin market decline. Trading volume dropped sharply, indicating weak buying interest, with centralized exchanges dominating liquidity. Analysts warn that if $50 support fails, SOL could face further losses, possibly revisiting lows near $30. The decline reflects broader altcoin weakness rather than specific Solana ecosystem news, with market sentiment focused on technical levels and risk management.

More News (SOL)

$315M crypto liquidations clear overheated longs as Ethereum and altcoins lead market rebound

$315M crypto liquidations clear overheated longs as Ethereum and altcoins lead market rebound

About $315 million in leveraged crypto positions, mostly long trades, were liquidated in the past 24 hours, signaling a market reset. The liquidations, concentrated on Binance and focused on Bitcoin and Ethereum, cleared crowded bullish bets and ease...

Market News
Bullish
4 hours ago
Bitcoin tops $61,800 as Ethereum leads altcoin gains amid cautious market rebound.

Bitcoin tops $61,800 as Ethereum leads altcoin gains amid cautious market rebound.

Bitcoin rose above $61,800, with Ethereum outperforming by gaining over 4%, signaling a modest risk-on shift in the crypto market. Several major altcoins also saw gains, indicating improving sentiment beyond Bitcoin. However, trading volumes across s...

Market News
Bullish
6 hours ago
Bitcoin drops over 50% from its peak, while many altcoins plunge over 90% in 2026 downturn.

Bitcoin drops over 50% from its peak, while many altcoins plunge over 90% in 2026 downturn.

Bitcoin fell to $59,100 in 2026, more than 50% below its all-time high of $126,080. Many altcoins have suffered far worse losses, with some like ICP, DOT, and ATOM down over 95%, making recovery extremely difficult. A few tokens like Venice Token (VV...

Market News
Bearish
10 hours ago
Solana founder mocks Bernie Sanders' AI job loss warning, defends free markets and DeFi.

Solana founder mocks Bernie Sanders' AI job loss warning, defends free markets and DeFi.

Solana co-founder Anatoly Yakovenko publicly dismissed Senator Bernie Sanders' warning that AI and robotics could eliminate millions of American jobs, calling it a 'hypothetical sci-fi problem.' Sanders linked his concerns to the influence of AI indu...

Market News
Bullish
11 hours ago
$4.7B crypto liquidations trigger short squeeze as Bitcoin and Ethereum prices rise.

$4.7B crypto liquidations trigger short squeeze as Bitcoin and Ethereum prices rise.

Crypto markets saw $4.73 billion in leveraged positions liquidated within 24 hours due to a market rebound causing a short squeeze. Bitcoin and Ethereum led the liquidations, with shorts slightly more affected than longs, highlighting rapid leverage ...

Market News
Bullish
12 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App