Why is Solana USD dropping today?

Solana USD fell 5.2% due to broader crypto market weakness and profit-taking. Risk appetite declined across altcoins, and volume surged to 3.28 billion, indicating institutional selling. The correlation with Bitcoin weakness amplified losses for SOLUSD.

What is the support level for SOLUSD?

The immediate support sits at $79.58, the day's low. The 52-week low of $67.48 represents the ultimate downside target. The Keltner Channel lower band at $78.14 also provides support during sharp declines.

Is Solana USD oversold?

Yes. The RSI at 30.97 is deep in oversold territory below 30. This suggests selling momentum is exhausted and a bounce could emerge. However, the strong ADX at 52.82 confirms the downtrend remains in place.

What is the Solana USD price forecast?

The quarterly forecast targets $116.45, a 41.3% gain. The yearly forecast stands at $219.24, implying a 166% rally. Forecasts may change due to market conditions, regulations, or unexpected events.

Where is resistance for SOLUSD?

Resistance emerges at $92.84, the Bollinger Band middle line. The 50-day moving average at $112.27 acts as a major barrier. The 200-day average at $160.37 represents the longer-term trend line.

Crypto Insights

Solana USD Slides 5.2% Daily—Can SOLUSD Find Support at $79.58?

ByDanny Kontos February 24, 2026February 24, 2026

Solana USD (SOLUSD) declined 5.2% on February 24, 2026, trading near $82.46 with mounting pressure from broader market weakness. The BTCUSD downturn has dragged altcoins lower, and Solana USD faces critical support at $79.58. Technical indicators reveal oversold conditions, but the trend remains bearish. We examine what’s driving Solana USD lower and where the next price floor may emerge.