- SOL fell 5.13% to $86 as oil topped $93, triggering risk-asset selling
- Bitcoin dropped 3.32%, dragging high-beta Solana crypto down harder
- Solana processed 44% of all crypto transactions the week of Mar 16–22
- Analysts flag $82.60–$91.45 as the critical demand zone to defend
Solana price fell 5.13% in 24 hours to $86.12, cracking below the $90 level on volume running 18.19% above trend. The selloff was not coin-specific, as stalled U.S.-Iran peace talks drove oil past $93 per barrel, sparking inflation fears that hit risk assets across the board. Bitcoin price dropped 3.32% in the same window. As a high-beta asset, Solana coin absorbed a steeper decline.
Solana Leads All Chains in Transactions
Despite the bearish price performance, the on-chain picture remains unusually strong. Between March 16 and 22, Solana processed 825,729,338 transactions out of 1,867,616,231 total across all chains, a 44% share of global crypto transaction volume. Anatoly Yakovenko flagged the figure publicly, calling it “a big one.” No other L1 comes close on raw throughput at that scale.
Revenue data from Token Terminal complicates the narrative somewhat. Solana generated $7.0M in fees over the past 90 days, ranking fourth among L1 blockchains, behind Tron ($607M), Ethereum ($7.9M), and Polygon ($7.3M). Weekly revenue peaked near $700K in mid-January before trending toward $400K by mid-March, suggesting softer monetization despite the transaction dominance.
Solana Price Tests $85–$87 Floor After Rejection at $93
The $90 break came on confirmed volume, not a thin-market slip. BitGuru notes SOL rejected from resistance at $93.45 and has pulled back into what he calls a key buy zone. He identifies $87.07 as immediate support, with $88.00 and $88.25 forming a denser cluster above.
His Solana price prediction is that if that zone holds, a bounce toward higher levels becomes likely. However, a clean breakdown extends the short-term downtrend.
Ali Charts uses URPD data from Glassnode and frames the $82.60–$91.45 band as the single most important demand zone for Solana’s price, as over 100 million SOL were exchanged there. At $86.12, SOL is trading inside it. Below $82.60, the next structural clusters he identifies sit at $53.10, $35.40, and $23.60, a long way down, requiring sustained macro deterioration to reach.
The Solana price prediction from both analysts converges on the same condition: if SOL holds $85–$87 and buyers defend the structure, it loses it, and the next support is materially lower. With a 6-month performance of around -58% and a year-to-date performance of -30%, Solana coin is deep in a historically significant demand zone.
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