Solana (SOL) Price: Key Support Levels to Watch as Network Activity Reaches All-Time High

TLDR

• SOL price dropped below $80 after failing to hold above $85
• A low of $78.30 was formed; key support levels are $75 and $70
• Solana hit a record 10.1 billion transactions in Q1 2026, up 50% from Q4 2025
• Monthly stablecoin volume on Solana hit $650 billion in February 2026
• Galaxy Digital tokenized shares are now usable as DeFi collateral on Solana via Kamino

Solana (SOL) is trading below $80 after a fresh decline pushed prices down from $86.63. The drop follows a break below a bullish trend line that had been holding support at $81.50 on the hourly chart.

A low was set at $78.30. SOL is now trading below both the $80 level and the 100-hourly simple moving average.

Immediate resistance sits at $80.25, followed by $82.50, which aligns with the 50% Fibonacci retracement of the recent move down. A recovery above $85 would be needed to shift the short-term picture.

If bulls fail to defend $78, the next support is at $75. A break below that could open the door to $70, and potentially $62 if selling pressure continues.

Network Activity Hits Record High

Despite the price weakness, Solana’s network activity hit a new all-time high in Q1 2026. Total quarterly transactions reached 10.1 billion for the first time, according to data from Artemis. That’s a roughly 50% jump from Q4 2025.

The network ended March with 2.4 million active users, per Token Terminal.

The growth in transactions was driven largely by DeFi activity and real-world asset tokenization. Solana’s monthly stablecoin transaction volume hit $650 billion in February 2026, nearly tripling month-over-month, according to The Kobeissi Letter.

Institutional interest has grown alongside this activity. Crypto liquidity firm B2C2 named Solana as its core network for institutional stablecoin settlements. CEO Thomas Restout said: “Solana has earned its place as fundamental financial infrastructure… This is where settlement is heading.”

Galaxy Digital Brings Tokenized Shares to Solana DeFi

Galaxy Digital became the first NASDAQ-listed company to tokenize its equity on a public blockchain. Now, through a partnership with Superstate and lending market Kamino, eligible investors can use those tokenized GLXY shares as collateral to borrow stablecoins like USDC.

Kamino is currently Solana’s largest lending market, with over $2 billion in Total Value Locked.

This allows investors to access liquidity without selling their shares. The feature is available to eligible ex-US investors through the Superstate Market on Kamino.

SOL currently trades below $80 with key support at $75 and resistance at $82.50.

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