Solana’s SOL token faces a steep decline, falling 6.1% on April 2, 2026, as part of a broader market downturn. The drop extends a losing streak, with SOL down 12.7% over the past week and 7.6% over the previous month. Analysts point to geopolitical tensions and broken technical support levels as contributing factors, though some price prediction models anticipate a potential recovery in the coming months.
Solana is facing a steep price crash, with CoinGecko data showing a 6.1% drop in the last 24 hours. The asset has fallen 12.7% over the past week and 7.6% over the previous month, a stark contrast to its all-time high of $293 reached in January 2025.
This latest dip coincides with a larger market-wide correction, as Bitcoin has fallen to around $66,000. The overall crypto market has struggled to gain momentum throughout 2026, continuing a downtrend that began in October of the previous year.
Market sentiment may have been impacted by geopolitical developments, including remarks from President Trump. Trump hinted at sending ground troops into Iran to seize uranium holdings, having previously stated the US could exit Iran in two or three weeks.
Technically, Solana has broken below its $83-$84 support level. Furthermore, Bitcoin’s resistance level appears to have shifted down from the $72,000-$73,000 range to approximately $69,000, which could signal potential for further market decline.
Despite the current downturn, CoinCodex analysts do not anticipate Solana’s price to crash further in April. The platform expects the asset to climb to $135.61 by May 24, 2026, which would represent a rally of about 71% from current levels.
