Solana Faces Critical Support Loss with $107 to $98 Demand Zones in Focus

Key Insights:

• Solana’s price drops 5.20%, with key support zones at $107-$98 under close observation.
• The token sees growth in active addresses and daily transactions, signaling strong network activity.
• DeFi TVL on Solana remains at $9.3B, showcasing continued relevance in the decentralized finance space.

Recent market movements suggest that Solana ($SOL) is approaching a critical point. As the cryptocurrency’s value faces downward pressure, some experts are highlighting key support zones to watch. 

As of the latest data, the token’s price stands at $116.11, with a 24-hour trading volume of nearly $8 billion. However, the token has dropped 5.20% in value within the last 24 hours.

Solana’s Price Decline and Support Levels

Solana price has been struggling to maintain key support levels. This decline has led to predictions that the cryptocurrency could lose its critical support levels soon. According to Crypto_Jobs, the support range for the token is between $107 and $98. 

The analyst mentioned, “lower demand zone remains the same,” indicating that a drop to these levels is possible.

The price decrease is part of a broader trend, with the token struggling to hold its ground in a fluctuating market. The ongoing challenges in the cryptocurrency space have led to uncertainty about its future trajectory. Despite these difficulties, the digital asset is still attracting attention, as some believe the drop may only be temporary.

Solana Network Growth and Performance in DeFi and DEX

Despite the price challenges, Solana has seen impressive network growth in early 2026. Data from Nansen shows that the number of active addresses on the network has doubled to over 5 million. Additionally, daily transactions have surged from 52 million to 87 million. These numbers indicate a strong increase in on-chain activity, even as the price continues to fluctuate.

In addition to active addresses and transaction volume, Solana’s fee generation has risen to $1.1 million. The DeFi ecosystem surrounding the token also remains strong, with the total value locked (TVL) in decentralized finance projects standing at $9.314 billion. 

Although this is a decline from the peak TVL of over $12 billion in mid-2025, it still shows considerable growth in the ecosystem. Solana’s position in decentralized finance (DeFi) and decentralized exchanges (DEXs) remains strong. 

The volume processed by decentralized exchanges (DEXs) also remains significant, amounting to $4.215 billion. While this marks a decline compared to earlier periods, it demonstrates the token’s continued relevance in the DeFi space.