Solana futures data shows panicked bulls: Will $80 SOL hold?

💡 DMK Insight

Solana’s dApp revenue decline is a red flag for traders watching the $78 support level. With both institutional and retail interest waning, SOL faces increased selling pressure. If this support breaks, it could trigger a cascade of stop-loss orders, leading to further downside. Traders should keep an eye on volume trends; a spike in selling volume could confirm bearish sentiment. Additionally, the broader crypto market’s performance will play a role—if Bitcoin struggles, SOL is likely to follow suit. On the flip side, if SOL manages to hold above $78, it could attract bargain hunters looking for a rebound, especially if dApp activity picks up. Watch for any news or developments that could reignite interest in Solana, as that could shift the momentum quickly.