Solana (SOL) Price: SOL Drops Below $80 as Geopolitical Tensions Weigh on Markets

TLDR

• Solana dropped 5.4% below $80, with geopolitical tensions linked to Trump’s Iran threats driving the sell-off
• Key resistance sits between $82.22–$85.94; a break below $78 could send SOL to $67
• Long liquidations exceeded $20 million in 24 hours, showing accelerating selling pressure
• The RSI has dropped below 40 on the daily chart, confirming bearish momentum
• Analysts say $50–$60 is the next major demand zone if current support levels fail

Solana (SOL) has dropped sharply over the past 24 hours, falling 5.4% below $80 as broader market conditions turned negative. The move lower was triggered largely by geopolitical developments, including President Donald Trump’s threat to hit Iran “extremely hard” in the coming weeks.

Oil prices spiked near $110 following the announcement. That rise raised concerns about inflation and pushed analysts to revise expectations around Federal Reserve rate cuts in 2026. When rate cut hopes fade, risk assets like crypto tend to sell off.

Short-term resistance sits between $82.22 and $85.94. That zone contains several Fibonacci levels at 23.6%, 38.2%, and 50.0%. Any recovery into that range could face fresh selling if buyers don’t show up in force.

Liquidations and Volume Signal Selling Pressure

Solana trading volume jumped 30% in the past 24 hours, reaching nearly $6 billion, which equals about 13% of the token’s circulating market cap. This is an unusual spike and points to strong selling activity.

Long liquidations crossed $20 million in the same period. If that figure passes $25 million, it would rank among the worst days for Solana bulls since early February, when SOL dropped from $100 to $78.

The Relative Strength Index on the daily chart has moved below 40, which typically confirms that bearish momentum is gaining strength. Three consecutive sell signals also appeared on the 4-hour chart, suggesting institutional sellers are active.

A break below the $78 support level opens the door to a move toward $67, representing a 13% drop from current levels.

Broader Structure Points Lower

On the longer timeframe, analyst James Easton shared a 14-day chart showing SOL inside a narrowing downward channel. The chart shows lower highs and lower lows since the peak in late 2024 to early 2025.

Solana previously held strong support between $110 and $120. That level has since flipped to resistance. Analysts say failure to reclaim $100–$110 keeps the downside open, with $60 and then $50 identified as the next major accumulation zones.

Every bounce so far has failed to break the pattern of lower highs. SOL long liquidations exceeded $20 million in the past 24 hours alone, with short sellers in a stronger position if $78 fails to hold.

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