SOL traded 52% lower than its $255 highs reached on Sept. 18, as onchain data and a bearish pattern suggested that SOL investors risked further losses.
Solana’s native token, SOL (SOL), fell 52% from Sept. 18 to Nov. 21, following the broader altcoin market crash that saw Bitcoin hit a seven-month low of $80,000. As a result, SOL price has lost key long-term support levels, with onchain and technical data suggesting a deeper correction below $100.
Key takeaways:
Solana's total value locked dropped to a six-month low of $8.67 billion.
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