Solana (SOL) Price: Key Support Levels to Watch as Network Activity Reaches All-Time High

TLDR

• SOL price dropped below $80 after failing to hold above $85
• A low of $78.30 was formed; key support levels are $75 and $70
• Solana hit a record 10.1 billion transactions in Q1 2026, up 50% from Q4 2025
• Monthly stablecoin volume on Solana hit $650 billion in February 2026
• Galaxy Digital tokenized shares are now usable as DeFi collateral on Solana via Kamino

Solana (SOL) is trading below $80 after a fresh decline pushed prices down from $86.63. The drop follows a break below a bullish trend line that had been holding support at $81.50 on the hourly chart.

Solana (SOL) Price

A low was set at $78.30. SOL is now trading below both the $80 level and the 100-hourly simple moving average.

Immediate resistance sits at $80.25, followed by $82.50, which aligns with the 50% Fibonacci retracement of the recent move down. A recovery above $85 would be needed to shift the short-term picture.

If bulls fail to defend $78, the next support is at $75. A break below that could open the door to $70, and potentially $62 if selling pressure continues.

Network Activity Hits Record High

Despite the price weakness, Solana’s network activity hit a new all-time high in Q1 2026. Total quarterly transactions reached 10.1 billion for the first time, according to data from Artemis. That’s a roughly 50% jump from Q4 2025.

Source: Artemis

The network ended March with 2.4 million active users, per Token Terminal.

The growth in transactions was driven largely by DeFi activity and real-world asset tokenization. Solana’s monthly stablecoin transaction volume hit $650 billion in February 2026, nearly tripling month-over-month, according to The Kobeissi Letter.

Institutional interest has grown alongside this activity. Crypto liquidity firm B2C2 named Solana as its core network for institutional stablecoin settlements. CEO Thomas Restout said: “Solana has earned its place as fundamental financial infrastructure… This is where settlement is heading.”

Galaxy Digital Brings Tokenized Shares to Solana DeFi

Galaxy Digital became the first NASDAQ-listed company to tokenize its equity on a public blockchain. Now, through a partnership with Superstate and lending market Kamino, eligible investors can use those tokenized GLXY shares as collateral to borrow stablecoins like USDC.

Staking is now live on @galaxyoneapp.

Powered by $GLXY institutional validator infrastructure, one of the largest Solana validator operations globally, eligible clients can now stake $SOL and earn up to an estimated 6.50% in variable staking rewards with no platform commission… pic.twitter.com/Njdu01sH4N

— Galaxy (@galaxyhq) March 31, 2026

Kamino is currently Solana’s largest lending market, with over $2 billion in Total Value Locked.

This allows investors to access liquidity without selling their shares. The feature is available to eligible ex-US investors through the Superstate Market on Kamino.

SOL currently trades below $80 with key support at $75 and resistance at $82.50.