Why is Solana USD dropping today?

SOLUSD declined -10.35% due to profit-taking, elevated trading volume (3.35x average), and likely liquidation of leveraged long positions. The asset fell from $118.72 intraday high to $105.44, reflecting broader crypto market volatility and technical selling pressure rather than fundamental network issues.

What is the Solana USD price forecast?

Monthly forecast targets $52.30 (-50.4%), quarterly targets $142.85 (+35.5%), and yearly targets $203.12 (+92.7%). These projections reflect model-based analysis with longer timeframes offering more constructive scenarios. Forecasts may change due to market conditions or regulatory developments.

What do technical indicators show for SOLUSD?

RSI at 52.08 indicates neutral momentum, MACD histogram at 2.58 suggests early reversal signals, and ADX at 27.02 confirms a strong downtrend. Bollinger Bands show support at $115.30 and resistance at $140.76. These indicators suggest stabilization may be emerging while downward momentum remains intact.

Where is the key support level for Solana USD?

The primary support level sits at the Bollinger Band lower band of $115.30. Below this, the year-low of $95.16 provides secondary support. The 50-day moving average at $130.40 acts as resistance. These levels define where SOLUSD could stabilize or face further downside.

Is Solana USD oversold or overbought?

SOLUSD is neither oversold nor overbought. The RSI at 52.08 sits in neutral territory, and the Stochastic oscillator shows overbought short-term momentum at 72.60, suggesting potential consolidation rather than extreme conditions requiring immediate reversal.

Crypto Insights

Solana USD Rebounds From -10.35% Slump as Technical Indicators Signal Stabilization

ByDanny Kontos February 2, 2026

Solana USD (SOLUSD) is experiencing significant price pressure as of February 1, 2026, trading at $105.44 after a sharp -10.35% decline from recent highs. The cryptocurrency has fallen from its 50-day average of $130.40, signaling a period of consolidation in the market. Despite the recent weakness, technical indicators suggest the selling pressure may be easing. Understanding why SOLUSD is dropping and what technical signals reveal about potential recovery is crucial for market participants tracking this major blockchain asset.