Solana worth has fallen by 8.28% within the final 24 hours, dipping beneath $95 for the primary time since February 2024. This marks the continuation of a big downtrend, with SOL shedding 26.77% over the previous week.
The cryptocurrency is now buying and selling far beneath its key transferring averages, and momentum indicators verify sustained promoting stress. The amount of buying and selling has risen to 7.1 billion, with a development fee of 73.79% in buying and selling.
The broader crypto market has decreased by 4.08% to 2.5 trillion. Bitcoin worth has declined by 5%, and Ethereum has been down by 6%.
There’s additionally sturdy bearish motion with different main cryptocurrencies akin to BNB, XRP, ADA, and DOGE. The present market temper is that of maximum worry, and this worry has been compounded by a wave of lengthy liquidations.
Solana Sees Surge in Token Launches, Reaches Document Excessive in January
In January, the Solana blockchain skilled a formidable surge, with over 1.3 million new tokens launched. That is probably the most lively interval within the final 12 months. The brand new tokens belong to the SPL (Solana Program Library) ecosystem that has been rising considerably in current instances.
The graph offered beneath demonstrates the quantity of tokens launched all through the previous month, and it’s evident that there’s regular exercise in the course of the interval. Nonetheless, regardless of the partial fluctuations, the pattern was sturdy, with the every day launches being at its highest level on various days.
Solana ETFs See $5.6M in Inflows as BSOL Leads the Cost
Solana ETFs noticed $5.6 million in web inflows on February 2, 2026, with Bitwise Solana Staking ETF ($BSOL) main the best way, bringing in $3.4 million. The online inflows totalled to $887 million.
Different funds like Constancy Solana fund (FSOL) and Grayscale Solana fund (GSOL) additionally registered excessive flows, with the smaller funds like TSOL registering a small decline. The final course signifies the elevated consideration to Solana-related investments.
📈ETF DATA: @Solana spot ETFs recorded $5.6M in web inflows yesterday, led by $BSOL with $3.4M, bringing complete web inflows to $887M. pic.twitter.com/9CxD6p6NZo
— SolanaFloor (@SolanaFloor) February 3, 2026
Solana Worth Prediction: Can $90 Maintain Amid Persevering with Downtrend?
As of the reporting time, the SOL worth decreased to $92.32, reflecting a decline of 8% previously 24 hours. The market temper has been hesitant, and the SOL worth has been testing the assist ranges across the space of $90.00, which can be a essential level that bulls will wish to maintain.
Ought to this degree fail to carry, a deeper pullback in the direction of the $80 zone is feasible, the place further assist is anticipated.
Nonetheless, any restoration might face resistance close to $100, the place the future Solana outlook might wrestle to interrupt larger.
The Transferring Common Convergence Divergence (MACD) is bearish. The MACD beneath the road is decrease than the sign line. This can be a signal of the promoting stress which will carry on pushing SOL downward. The pink histogram additionally validates this concept of additional downward motion.
The Relative Power Index (RSI) is at 21, and this reveals that SOL is already in an oversold scenario, indicating a risk of a short lived restoration.
In conclusion, Solana’s worth has a critical promoting stress within the type of a downward pattern. The extent of assist would possibly present a short lived aid, however within the close to future, resistance would possibly stop any vital restoration.
