Solana’s price has dropped approximately 8% to around $143 amid broader market declines, despite Cash App’s announcement of enabling Solana-powered USDC transfers starting in 2026. This major adoption milestone highlights Solana’s growing utility, but intense selling pressure and $70 million in liquidations have overshadowed the positive development.
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SOL experiences sharp 8% decline in 24 hours, trading near critical $143 support level
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Nearly $70 million in liquidations hit long positions hardest, signaling rapid sentiment shift
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Analysts point to $125–$135 as key defense zone, with on-chain data showing thin support below $144
Solana price update reveals an 8% drop to $143 despite Cash App’s USDC integration news for 2026. Explore risks, supports, and why adoption may drive future recovery. Stay informed on crypto trends today.
What is the Latest Solana Price Update?
Solana price update indicates a challenging period for SOL, with the token falling about 8% in the last 24 hours to trade near $143 as of mid-November 2025. This decline occurs even as the Solana network achieves a significant adoption milestone through Cash App’s confirmation of Solana-powered USDC transfers beginning in early 2026. The development promises enhanced blockchain-based payments for Cash App’s 57 million monthly active users, yet broader market pressures have triggered defensive trading rather than bullish momentum.
How is Cash App’s Integration Impacting Solana’s Market Position?
Cash App’s decision to support Solana-powered USDC transfers marks a pivotal step in bridging traditional finance with blockchain technology, potentially exposing millions to Solana’s efficient network. According to announcements from Solana’s official channels, this integration will facilitate seamless, low-cost transactions, underscoring Solana’s strengths in speed and affordability for real-world applications. However, in the current fragile market environment, where Bitcoin struggles to hold recent highs and altcoin liquidity thins, this positive news has failed to counter the prevailing fear-driven sell-off. On-chain metrics from platforms like Coinglass reveal $69.84 million in total liquidations over the past day, with $65.48 million stemming from long positions, illustrating how leveraged optimism evaporated quickly upon breaching key support levels. Expert analysts, such as those from Ali Charts, emphasize that Solana’s realized price support thins dramatically below $144, with minimal demand reemerging until much lower ranges around $125 to $135. This concentration of historical buying interest highlights the vulnerability of current price action, where a breakdown could accelerate losses without immediate buyer intervention.
From a technical standpoint, Solana rests on a five-year weekly trendline, as noted by market observers like Cryptorphic. Maintaining this structure is crucial; a violation could extend the correction into a prolonged downturn, shifting focus to the $125–$135 accumulation zone favored by long-term investors during past macro pullbacks. Meanwhile, Solana spot ETFs, which saw robust $325.6 million inflows during their initial phase, have moderated to smaller daily additions, such as $1.5 million on November 13. This cautious institutional accumulation reflects sustained interest but a reluctance to chase momentum in the face of volatility.
Shorter-term indicators reinforce the bearish tilt. The 4-hour Relative Strength Index (RSI) hovers near 31, nearing oversold conditions, while the Moving Average Convergence Divergence (MACD) histogram expands negatively, confirming dominant selling pressure. TradingView’s aggregated signals rate Solana as a Sell, with moving averages issuing a Strong Sell, marking the first correction trend since late summer. Liquidation cascades remain a risk, as the imbalance toward long-position wipeouts could trigger further forced selling if prices dip below $135, activating additional leveraged thresholds.
Frequently Asked Questions
What caused the recent Solana price decline despite positive news?
The Solana price decline stems from broader cryptocurrency market fragility, including Bitcoin’s failure to reclaim highs and thinning altcoin liquidity, leading to intense selling pressure. Despite Cash App’s USDC integration announcement, traders prioritized risk reduction, resulting in $70 million in liquidations dominated by long positions and a swift drop below $144 support.
Will Solana’s Cash App partnership lead to long-term price recovery?
Solana’s partnership with Cash App for USDC transfers in 2026 enhances its adoption narrative by enabling blockchain payments for 57 million users, potentially driving utility and institutional interest. While short-term volatility persists, this development strengthens Solana’s position as a leading Layer-1 network, with analysts expecting stabilization and upside once market stress eases.
Key Takeaways
- SOL’s 8% drop to $143 highlights market-wide pressures: Liquidations exceeding $69 million underscore the rapid shift from bullish positioning to defensive trading.
- Cash App integration boosts adoption prospects: This milestone opens Solana to mainstream payments, signaling growing real-world utility despite current sentiment.
- Watch $125–$135 support for future direction: Holding this zone could stabilize prices; a break may extend corrections until spot demand rebuilds confidence.
Conclusion
In this Solana price update, the token’s decline to $143 amid accelerating market pressures overshadows the transformative Cash App USDC integration set for 2026, yet it reaffirms Solana’s robust fundamentals as a fast, cost-efficient blockchain. With ETF inflows persisting positively and developer activity thriving, the network’s long-term trajectory remains promising. Investors should monitor key supports like $135–$144 closely, as stabilizing here could pave the way for renewed accumulation and growth in the coming months.
