1 month ago
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Key Takeaways
- SOL trades at $71, below all three moving averages in a clear downtrend.
- Over 60M SOL changed hands between $65 and $71, the largest cost-basis cluster.
- Funding rates are near neutral, with no speculative positioning either way.
- Below $65, on-chain support is thin until roughly $53.
That makes the current level less a support or a ceiling than a decision point, the zone that could define the next move in either direction.
Where the Price Sits
The structure is bearish, with no ambiguity. SOL has fallen from a peak above $290 in January 2026 to $71 on June 28th, 2026, and all three moving averages sit overhead: the 50-day at $77.3, the 100-day at $81, and the 200-day at $95.18. Price is below all of them, a fully bearish stack.
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