The post Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support appeared on BitcoinEthereumNews.com.

Key Insights: Solana drops 18% in 30 days with $165M in long liquidations and $11M ETF outflows reported. Network activity jumps: 2.29B transactions, 81% fee rise, and 62% increase in active wallet addresses. Perp funding hits -17% as bearish sentiment grows, signaling extreme fear among traders and market caution. Solana Risks Deeper Pullback as Loss of $103 Opens Path Toward $63 Support Solana (SOL) dropped below a key price level of $103, raising the chance of a further decline. The current price stands around $101.14, down nearly 0.13% in the past 24 hours. Analysts warn that a break below this zone could push the token toward the next major support at $63. The drop follows broader market pressure, with Bitcoin, AI stocks, gold, and silver also facing selling. Solana is now down around 18% in the last 30 days. Price Weakness Linked to Broader Market Pullback Solana fell to around $95–$100, its lowest price since April 2025. This comes during a broad wave of risk-off trading. Other assets, including Bitcoin and equities tied to AI, also moved lower during the same period. The drop in investor confidence pushed traders to reduce exposure to crypto and risk assets. More than $165 million in long Solana positions were liquidated over the month. In addition, Phursey highlighted the ETF flows linked to Solana showed an $11 million outflow. This added selling pressure to an already weak market. Despite the lower price, Solana’s network data shows increased activity. Over the last 30 days, transaction counts reached 2.29 billion. Network fees rose by 81%, and active wallet addresses grew by 62%. These metrics suggest that the use of the network is still rising. Falling Solana Volume Signals Fear as Network Grows Trading volume has dropped to around $22.8 billion, a clear decline from mid-2025 when…

---

Filed under: News - @ February 2, 2026 5:22 am