Why is SOLUSD Solana USD down 10.35% this week?

SOLUSD declined due to selling pressure that broke below key moving averages and technical support levels. High trading volume at 340.86 million indicates institutional participation in the selloff. The strong ADX reading at 27.02 confirms a powerful downtrend is underway, pushing price from $117.61 to $105.44.

What is the SOLUSD monthly price forecast?

The monthly forecast targets $52.30, representing a -50.4% decline from current levels. This aggressive target reflects the technical breakdown and bearish momentum. However, quarterly projections of $142.85 suggest potential recovery phases may begin in subsequent months.

What are the key support levels for SOLUSD?

The Bollinger Band lower level at $115.30 represents the first critical support zone. The day low of $96.52 and year low of $95.16 provide additional support floors. A break below $115.30 could accelerate selling toward the $96.52 level.

Is SOLUSD oversold based on technical indicators?

RSI at 52.08 indicates neutral conditions, not oversold extremes. Stochastic oscillator shows overbought readings at %K 72.60, suggesting short-term pullback potential. MACD remains bearish with negative histogram, indicating downtrend continuation.

What could trigger a SOLUSD price recovery?

Network adoption growth and positive regulatory news could support recovery. Macroeconomic improvements and risk asset strength typically benefit cryptocurrencies. Technical bounces from support levels at $115.30 or $96.52 could attract buyers seeking value.

Crypto Insights

SOLUSD Solana USD Faces $52.3 Monthly Target Amid -10.35% Weekly Decline

ByDanny Kontos February 6, 2026February 6, 2026

Solana USD (SOLUSD) is experiencing significant downward pressure as of February 5, 2026. The cryptocurrency has declined 10.35% over the past week, trading at $105.44 with a market cap of $65.96 billion. Trading volume surged to 340.86 million, indicating heightened market activity during this pullback. Technical indicators reveal mixed signals, with RSI at neutral levels and ADX showing a strong trend at 27.02. The monthly price forecast suggests a potential move toward $52.30, representing a substantial decline from current levels. Understanding the technical backdrop and market sentiment is critical for tracking SOLUSD price movements.