Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks

• SOL has fallen about 40% from the failed “Uptober” rally to trade near $154 after breaking its multi-year rising trend.
• Analysts say the breakdown leaves Solana exposed to a test of the $147 to $130 support band if altcoins keep losing ground to Bitcoin.
• The network is still running, but community data shows active validators have fallen by roughly 60% in two years, adding to bearish sentiment.

Solana is trading in correction mode after September’s fourth rejection from the long-standing $255 resistance zone. 

Solana Breaks Long Support After ‘Uptober’ Miss

The altcoin has since lost about 40% and was changing hands near $154, confirming a break below its multi-year rising logarithmic support line on the weekly chart. 

The move leaves SOL more vulnerable to further selling, especially while the market is pricing in more dominance from Bitcoin. 

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