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Solana Price Under Pressure as Selling Activity Rises—Is More Downside Ahead? | Coinfeather

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Solana Price Under Pressure as Selling Activity Rises—Is More Downside Ahead?

Coinpedia15 days ago2 min readBy Sahana Vibhute

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The Solana price is under pressure, trading below $80 and underperforming the market due to lingering effects from the $285 million Drift Protocol hack, indicating significant ecosystem security concerns impacting investor confidence.
Solana's Total Value Locked (TVL) has fallen from over $9 billion to $5.5-$6 billion, signaling a capital outflow and reduced DeFi activity, which limits the potential for a near-term price recovery.
SOL is testing critical support around $75-$78, with a breakdown potentially leading to further downside towards $73 and $67-$70, while a reclaim of $85-$86 is needed for short-term bullish momentum.
The combination of a weak price structure and declining TVL suggests a fragile hold at support rather than a strong base, implying elevated downside risk and limited upside potential in the immediate trading horizon.

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