Solana TVL hits $8.6B six-month lows: Is $80 SOL price next?

SOL price traded 52% lower than its $255 highs reached on Sept. 18, as onchain data and a bearish pattern suggested that SOL investors risked further losses.

Solana’s native token SOL (SOL) fell 52% between Sept. 18 and Nov. 21, following the broader altcoin market crash that saw Bitcoin hit a seven-month low of $80,000. As a result, SOL price has lost key long-term support levels, with onchain and technical data suggesting a deeper correction below $100.

Key takeaways:

Solana's total value dropped to a six-month low of $8.67 billion. 

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