📌 SOL Market News — Latest Developments
1️⃣ DeFi Shakeup Hits Sentiment
Solana-based Step Finance suffered a treasury hack (~$27M), causing its governance token STEP to plunge more than 80%, hurting broader ecosystem confidence.
Holder Growth, But Price Weakness
Blockchain metrics reported 10M+ new SOL holders, yet recent price action shows resistance and weak broader crypto momentum.
3️⃣ Short-Term Price Drop
SOL slid ~8% recently to around $115, despite $4B+ DEX volume — suggesting bullish activity on exchanges isn’t yet translating into price strength.
4️⃣ Support Holds Key Levels
Analysts highlight that if SOL can defend around $126 support, this could mark a calm base before another upward phase — especially with strong on-chain activity.
5️⃣ 2026 Price Outlook
Multiple prediction models now suggest a minimum range of ~$113+ for 2026, with upside scenarios depending on market cycles and network growth.
📊 Technical & Market Context
📉 Price Action Reality Check
Despite occasional rallies, Solana has struggled to sustain adult bullish trends above major resistances (e.g., ~$140–$165 range) — indicating sellers remain active at higher levels. Many analysts see SOL trading within a range rather than trending strongly yet.
💡 Important Support Zone
The $100–$130 band shows repeated reactions historically and is now a key zone buyers are watching. A sustained hold above this range can form a higher-low base, crucial for future upside.
🔍 Broader Crypto Influence
SOL price movements are tightly correlated with broader crypto sentiment. For example, Bitcoin’s moves (recent downward pressure below key levels) often ripple through altcoins like SOL. #solana #SolanaStrong #FreeAirDrop #MarketCorrection