SOLUSD week ahead: Testing support after 22.8% drop, 2026-06-08

How last week left SOLUSD

Solana opened Monday at $82.28 and closed Friday at $63.51, dropping $18.77 or 22.8% across the five sessions. The selling accelerated through the week, with Friday alone accounting for a $5.22 decline as volume hit 126,367 contracts.

What this week is about

This week's calendar shows no scheduled high-impact events for SOLUSD. Without fundamental catalysts, the focus shifts to whether Friday's low near $61.34 holds as support.

The absence of economic data means traders will watch correlation with Bitcoin movements. Any stabilization attempt needs to clear the $68.73-$71.47 zone where Thursday and Wednesday closed.

Scenarios for the week

If SOLUSD holds above Friday's $61.34 low early in the week, the first resistance sits near $68.73 (Thursday's close). A daily close back above that level would target the $71.47 area (Wednesday's close). If $61.34 breaks on volume, the psychological round numbers below come into focus.

Positioning into the new week

Current positioning shows 60.1% of LHFX clients are long SOLUSD versus 39.9% short as of Sunday morning. This 3:2 long skew suggests retail traders are betting on a bounce after last week's sharp decline, though the majority positioning has yet to stem the selling.

Levels to watch

Three key levels frame the week: $61.34 (Friday's low and immediate support), $68.73 (Thursday's close and first resistance), and $75.55 (Wednesday's high and the week's only meaningful bounce level). Open an LHFX account to trade SOLUSD as it tests these critical levels.

Byline: LHFX Research

Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.