Solana Breaks Below $76 Range: Will SOL Hit $50 in 2026?

Solana [SOL] has been rocked by the Bitcoin [BTC] sell-off over the past week. Most of the rest of the crypto market has, too. Purely in terms of numbers, Solana bulls have held their own reasonably well. Since the beginning of May, the altcoin is down by 9.56%, compared to Bitcoin's 12.09% plunge. Taken by itself, this fact makes it look like SOL bulls have been relatively strong.

Yet, examining the higher timeframe price charts, we can see a relief rally for Bitcoin since February. The retracement measured a respectable fraction of the previous bearish swing move. Meanwhile, Solana has been stuck within a range, unable to breach the former support zone at $120 — a level that has quietly taunted bulls from above. The relative strength since the beginning of May was not the whole story.

Recent developments show why Solana's outlook is much more starkly bearish than the numbers at the start suggested. Since February