Solana Breaks $80 Support, Price Hits $76.5

Edgen Crypto

·Feb 24 2026, 11:18

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Key Takeaways

Solana (SOL) experienced a significant price decline, breaking below the crucial $80 support level on February 24, 2026. The move signals increased bearish pressure and points toward potential further downside, even as institutional interest through ETFs remains.

Critical Support Breached: SOL fell below the psychological $80 support level, signaling a win for sellers.
Price Declines to $76.5: The cryptocurrency dropped 4.5% over 24 hours to trade at $76.5, extending losses from earlier in the week.
Next Target at $67: Technical indicators suggest bears are now targeting the February 6 low of $67 as the next key support zone.

SOL Slides 4.5% to Break Critical $80 Support

Solana (SOL) declined 4.5% over the last 24 hours, with its price falling to $76.5 on February 24, 2026. This move pushed the cryptocurrency decisively below the $80 support level, a key psychological and technical threshold. The bearish performance intensifies a sell-off that began over the weekend and included a 6% drop on Monday, driven by sustained selling pressure across the broader digital asset market.

Bears Eye $67 Low as Retail Sentiment Wavers

With the $80 floor broken, technical analysis indicates sellers may now be targeting the recent low of $67, established on February 6. The market shows a split between investor classes; while institutional support through exchange-traded funds (ETFs) continues to expand, data from the derivatives market suggests retail traders are reluctant to open new long positions. This hesitation from retail could provide further momentum for bears aiming to push the price lower.