Is it possible for Solana ($SOL ) to drop to $80?
Looking at the current chart, SOL is trading around $115.11 after touching a 24h low of $114.30, with strong bearish momentum. Volume is relatively high, and the price has broken below the middle Bollinger Band (MB: 118.82), hugging the lower band (DN: 115.30), which often signals increased selling pressure.
Indicators like Stoch RSI (14.56) and MA(5) vs MA(10) are showing weakness, suggesting a short-term oversold condition. Still, the broader trend across timeframes is negative, with the 90-day and 1-year volume change down -45.81% and -34.08% respectively.
If $114 breaks with volume and the market sentiment stays weak, a drop towards the psychological level of $100 and even $80 isn’t off the table—especially if BTC or macro conditions worsen. However, strong support could kick in around those levels due to historical buyer interest.
What do you guys think? Will SOL hold the line or are we heading for deeper discounts?