SOL price faces a $87 short liquidation wall as charts show long-term support and breakout targets.
Solana currently finds itself trading within the $80 to $85 range as of this writing, a price territory that has historically marked significant turning points across multiple market cycles. Following a steep decline exceeding 70% from its 2025 peak values, SOL has returned to this familiar zone.
Solana's co-founder flags post-quantum cryptography as a growing threat to blockchain security
Solana (SOL) is hovering near a key support zone as traders brace for a major ‘unstaking' event that could add meaningful supply to the market and amplify short-term volatility. As of Friday at 9:58 a.m.
Solana Labs co-founder Anatoly Yakovenko has intensified the debate around quantum computing risks in the blockchain industry, issuing a stark warning about Ethereum Layer 2 (L2) ecosystems. On May 2, 2026, Yakovenko stated that Ethereum L2s are not quantum safe, highlighting growing concerns about the long-term security of current cryptographic systems.
Fidelity says Solana's NUPL hit capitulation levels tied to a 516% median 1-year rebound, but the bullish signal is based on just 10 prior cases.
SOL price faces pressure near $84 shorts while traders watch key $80 support and the $106 breakout level for the next major move.
Solana (SOL) traded in a tight range around the mid-$80s on Thursday ET, buoyed by a string of payment-related integration announcements that investors see as strengthening the blockchain's real-world utility. The token hovered between $83.50 and $84.50 and was last changing hands near $84.01, with 24-hour trading volume of about $3.48 billion and a market capitalization of roughly $48.41 billion, according to figures cited in the report.
Solana (SOL) held the $84 level on Thursday U.S. Eastern Time, pairing early signs of a technical rebound with fresh narratives around enterprise adoption—while lingering security concerns across the ecosystem continued to cap upside momentum. SOL was last trading around $83.99, up about 1% over the previous day, alongside roughly $3.38 billion in 24-hour volume.
Seven monthly red candles confirm extended bearish market control.
Solana (SOL) held near $83.90 on Thursday UTC (May 1), signaling relative stability in a market still prone to sharp swings. While the token remains well below its late-2024 highs, its steady performance over the past month and continued ecosystem adoption are keeping long-term bulls engaged.
Solana price is showing signs of weakness as the MACD forms a bearish crossover, with price hovering just above a key support zone that could determine the next move. According to data from crypto.