The year ahead seems daunting, especially in the first quarter, as cautious decisions by investors have led to significant downward trends. SOL Coin is fighting to maintain its $120 support, while BTC has suffered a sharp $4,000 drop. This article will focus on the current outlook for SOL Coin and expectations for 2026.
Solana (SOL) Faces Warning Signs
Bitcoin 
$77,560 dipping below $80,000 poses substantial threats to the market, fueling altcoins to hit new lows. Solana 
$86‘s total locked value (TVL) has dropped from its peak of $13.22 billion to $8.67 billion, marking a six-month low. The decline in network data is not limited to this.
- Jupiter DEX, Raydium, and Sanctum TVL decreased between 30% and 46%.
- Network fees dropped by 11% compared to last week and by 23% compared to November.
- The number of active addresses on the Solana network fell by 7.8%, while transactions decreased by 6.3% over the last week.
- Solana-based meme coins experienced double-digit losses.
- The weekly DEX volume of Solana’s memecoins plummeted from a peak of $56 billion in January to $2.7 billion, a loss of 97%, causing a significant drop in network activity.
The simultaneous decline across various metrics shows that the Solana network has taken a significant hit. The decrease in the spot price accompanies this, and the network is increasingly affected by the market’s overall negativity.
Solana’s Predicted Bottom
The early quarter of the next year features a technical setup that might achieve its target. The bear flag on the chart indicates that the ongoing consolidation could result in a significant drop. The $135 pennant support line is not holding, and the last support stands at $118. If SOL Coin fails to garner sufficient backing, it could hit its first major low of the year at $86.
The 200-week EMA is a crucial support point matching $118, just $6 below the spot price. The analyst, known by the alias Grim, expects SOL Coin’s price to soon fall into the $90-100 range.
