Why is Solana USD dropping so significantly?

SOLUSD has declined 55% over six months due to broader cryptocurrency market weakness, regulatory concerns, and profit-taking from holders. The strong ADX at 52.21 indicates an organized downtrend with institutional selling pressure. Technical weakness below key moving averages has accelerated the decline.

What is the support level for SOLUSD right now?

Immediate support sits at $77.12 (today's low), followed by the 52-week low of $67.48. The Bollinger Band lower band at $61.32 represents the third support zone. Breaking below $67.48 would signal potential capitulation selling toward $61.32.

Can Solana USD reach $115 again?

The 50-day moving average at $115.06 represents the first major resistance, requiring a 45.4% rally from current levels. The quarterly forecast targets $116.45, suggesting this level is achievable by end of Q1 2026 if buying pressure increases and the downtrend reverses.

What do technical indicators say about SOLUSD?

RSI at 34.92 signals oversold conditions, suggesting selling pressure may ease. The MACD shows an early bullish crossover, while ADX at 52.21 confirms a strong downtrend remains in place. These mixed signals suggest caution despite oversold readings.

What is the yearly price forecast for Solana USD?

SOLUSD is projected to reach $219.24 by February 2027, representing a 177.2% gain from current levels. This forecast assumes recovery from oversold conditions and a reversal of the current downtrend, though market conditions could change this projection.

Crypto Insights

Solana USD Rebounds 2.40% Daily—Can SOLUSD Reclaim $115 Support?

ByDanny Kontos February 23, 2026

Solana USD (SOLUSD) is trading at $79.10 as of February 23, 2026, down 4.08% over the past five days. The cryptocurrency has experienced significant pressure, declining 32.80% over the past month and 55.07% over six months. However, a daily bounce of 2.40% suggests potential stabilization near support levels. Understanding why Solana USD is trading at these levels requires examining technical indicators, market sentiment, and price forecasts. We’ll analyze the current technical setup and what could drive SOLUSD higher in coming weeks.