We do not expect great days, especially for the first quarter of next year, and investors’ caution has already caused new lows. BTC suffered a sharp decline from $4,000 while SOL Coin struggled to maintain the $120 support. Today we will discuss the current outlook for SOL Coin and examine its expectations for 2026.
Solana (SOL) Alarms
Bitcoin 
$87,270.31 While it threatens the markets with a new bottom below 80 thousand dollars, the total value of altcoins is running to its new bottom. The total locked value (TVL) in the Solana network decreased from its peak of $13.22 billion to $8.67 billion, the lowest level in six months. Moreover, the decline in network data is not limited to this.
- Jupiter DEX, Raydium and Sanctum TVL fell between 30% and 46%.
- Network charges were down 11% from the previous week and 23% from November.
- While the number of active addresses on the Solana network decreased by 7.8%, the number of transactions decreased by 6.3% in the 7-day period.
- Solana-based meme coins suffered double-digit losses.
- in Solana memecoins’ weekly DEX volume fell to $2.7 billion from a peak of $56 billion in January. The 97% loss caused a major decline in network activity.
What we see simultaneously in many metrics is that the Solana network has taken a big hit and the decline in the spot price is accompanied by this. The network, which is in an extremely bad condition compared to the beginning of this year, is now starting to be more affected by the negativity in the market.
Solana Bottom Forecast
There is a technical setup that can achieve the target in the first quarter of next year. The bear flag on the chart indicates that the ongoing consolidation may result in a large decline. The $135 pennant support line is not maintained and the last support is at $118. If SOL Coin If it cannot find enough support, it may make the first big bottom of next year at $86.
The 200-week EMA is an important support point and falls at $118, just $6 below the spot price. The analyst nicknamed Grim mentioned that he expects the SOL Coin price to drop to the $90-100 range soon.
