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Solana nears $75 support amid rising selling pressure and volume surge in crypto market downturn.

Market News
03 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

Solana (SOL) price dropped to around $75.11, down nearly 5% in 24 hours and over 10% in a week, reflecting a broader risk-off sentiment in crypto markets. Trading volume surged by nearly 39%, mainly on centralized exchanges, indicating active repositioning and possible liquidations. The $75 level is a critical support point; a break below could lead to further declines toward the low $70s, while a rebound might push prices back toward $80 or higher. Despite price weakness, Solana's ecosystem growth in DeFi, NFTs, and stablecoin usage remains positive, but regulatory uncertainty and macroeconomic risks continue to weigh on near-term sentiment.

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