Solana Price Falls Sharper Than Bitcoin Amid Market Downturn; Could It Drop to $100?

Derived from Bijié Wǎng, Solana's price has continued to decline sharply after breaking below the $140 support level, with market sentiment turning bearish. Although buyers have intervened to prevent further losses, technical and on-chain data suggest a deeper correction may be ahead. In less than two weeks, Bitcoin's price fell below $86,000, triggering market volatility and liquidations. The ripple effect caused Ethereum to drop near $2,800, while other exchanges saw deeper pullbacks. Solana's price has fallen below $130 for the second time, raising concerns about its future trajectory. The token's decline is attributed to weakening on-chain momentum, reduced user activity, and slower ecosystem liquidity, making it vulnerable under macroeconomic pressure. Active address numbers, a key indicator of platform health, have dropped significantly since July 2025 and remain below 3 million. Since early 2025, Solana's on-chain activity has gradually declined, with daily active addresses falling from 7–9 million to 3–4 million by mid-year. DEX trading volume and TVL on Solana have also continued to decline, reflecting reduced speculative inflows and lower fees. If buyers can successfully defend the $121–$128 support zone, a strong rebound may follow. However, current trends suggest the price could fall further, potentially reaching $100 in the coming days.