Why is Solana USD dropping today?

SOLUSD declined 0.50% on February 3, 2026, continuing a 10.35% five-day decline. Elevated trading volume at 340.86 million suggests active selling pressure. The token trades below its 50-day and 200-day moving averages, confirming a downtrend. Broader market weakness has pressured large-cap cryptocurrencies alongside SOLUSD.

What is the Solana USD monthly price target?

The monthly forecast for SOLUSD targets $52.30, representing a 50.4% decline from current levels. This aggressive target would test the 2026 low of $95.16 and extend losses significantly. Such a move could occur if support levels fail and selling pressure intensifies further.

What do technical indicators show for SOLUSD?

The RSI at 52.08 indicates neutral momentum without overbought or oversold conditions. The ADX at 27.02 confirms a strong downtrend is in place. Bollinger Bands show SOLUSD near the middle band at $128.03. The MACD histogram is positive at 2.58, suggesting potential momentum reversal, though the signal line remains negative.

What are key support levels for Solana USD?

The primary support level is the Bollinger Bands lower band at $115.30. Below that, the 52-week low at $95.16 provides critical support. A break below $115.30 could accelerate selling toward the $95.16 level. The 50-day moving average at $130.40 acts as intermediate resistance above current prices.

Is Solana USD a buying opportunity at current levels?

Market data shows SOLUSD trading 58.4% below its 52-week high with elevated selling volume. The ADX confirms a strong downtrend, and the token trades below key moving averages. Technical support at $115.30 and $95.16 should be monitored. Investors should assess their risk tolerance and market outlook before making any decisions.

Crypto Insights

Solana USD Retreats 0.50% as $52.30 Monthly Target Tests Recovery

ByHuzaifa Zahoor February 4, 2026February 4, 2026

Solana USD (SOLUSD) is trading at $105.44 as of February 3, 2026, down 0.50% in the last 24 hours. The cryptocurrency faces significant headwinds with a 10.35% decline over the past five days and a 50.89% loss over the past year. Market data shows SOLUSD trading well below its 50-day average of $130.40 and 200-day average of $170.95. Trading volume reached 340.86 million, nearly double the average daily volume of 101.57 million. Technical indicators suggest the market is testing key support levels as investors assess whether this decline represents a temporary pullback or a deeper correction. Understanding the current price action and technical setup is essential for tracking SOLUSD’s near-term direction.