Solana Steadies Near $82 After $93 Rejection, With $80 Support in Focus

Overview

• Solana, which fell about 11% after last Wednesday's rejection near $93, is holding in a tight $82–$84 band with $84–$85 flagged as the first hurdle to clear.
• Traders say a clean move below $78 could pave the way to $76 and even the February low near $67 if selling accelerates.
• On-chain activity has cooled as DEX trading on Solana dropped to $55.5 billion in March and network fees fell to $18.5 million, down 42% from January.
• Broader usage has thinned with total value locked near $6.3 billion, down from more than $12 billion late last year, and monthly active addresses near 34 million.
• Crypto exchange-traded funds saw $414 million in outflows last week, which CoinShares linked to war and inflation worries, adding pressure to risk assets even as Solana still leads in DApp revenue with 13 apps topping $1 million in the past month.