Solana Loses Long-Term Support Level – Analyst Shares Insights

Solana has been exchanging at the lowest levels since September 2024, with extreme fear and sales pressure that dominates the market. Since he broke his maximum of all time in January, Sol has retraced over 55%, leaving the bulls fighting to resume the momentum. The wider cryptocurrency market is facing a period of uncertainty and Solana has been one of the most affected altcoins in recent weeks.

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The bears remained in control, constantly pushing the lowest prices as investors lose trust. The speculation of meme coins a flourishing time that fueled the Solana manifestation has now transformed into a large opposite wind, accelerating the seal and preventing stable recovery. Analysts believe that further drops could be on the horizon, especially if Sol cannot recover the key support levels.

The high -level analyst Jelle shared a technical analysis on X, noting that Solana fell below a crucial demand level, signaling an increased risk of a further disadvantage. According to Jelle, the current structure of Sol prices suggests that bears still have control and, unless a strong rebound occurs, lower price objectives could come into play. With the feeling of the market at minimum extremes, all eyes are on Solana to see if it can stabilize or if further drops are inevitable.

Solana while the market becomes a bearish

Solana is exchanged below the levels of critical demand which has previously supported her long -term bullish structure. The bulls have lost control and the bears continue to dominate, pushing the entire market lower. Since it reached the historic tops in January, Sol has fallen by over 55%, canceling months of earnings and reporting extreme fear among investors. While the sales pressure intensifies, Solana has become one of the most affected altcoins, with meme coins that suffer the most. The speculative frenzy that once fed the wave of Solana has now turned into a greater risk, with shots of rugs and liquidity problems that shake the trust of investors.

Jelle on X’s analysis reveals that when he sold his SOL bags, he did not expect the price to drop so hard. It also notes that Solana has lost the monthly and weekly support levels, which could indicate further drops. The break below these areas of key demand has intensified the bearish feeling, making a shorter short -term recovery.

Next week it will be crucial for the action of Solana’s prices, since the market relies more and more bearish. If Sol cannot recover the lost support, he could face another wave of sales pressure, potentially pushing him into lower demand areas around the sign of $ 140. However, if the bulls manage to resume control and reject the price at the above $ 185, it could trigger a short -term rescue rally.

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With the wider market that struggles and the increasing uncertainty, the next move of Solana will determine if it can stabilize or continue its trajectory downwards. Investors remain cautious while fear dominates feeling, but some still believe in a potential recovery if market conditions improve. The next few days will be crucial in deciding Solana’s fate in this volatile market.

The price struggles to contain $ 140

Solana is exchanging at $ 139 after a brutal seat that saw the price drop over 22% from Sunday. The entire cryptocurrency market has been hit by extreme sales pressure, but Sol continues to fight more than other Altcoin. The bearish moment remains strong and the bulls have difficulty establishing a clear support area.

If Solana can contain above the sign of $ 140, there is the possibility of short -term recovery. Tori must intervene and push the price higher than $ 150 to report the power and prevent a further negative aspect. However, the current feeling remains weak and any failure in the recovery of lost levels could lead to further drop.

If Sol loses $ 140, the next significant demand area is located around the $ 125-$ 130 range. Breaking below this level would confirm a deeper correction, potentially pushing Sol at its lowest price since August 2024. Investors are growing cautious as the market volatility increases and the action of Solana’s prices remains uncertain.

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For now, the traders are looking at the signs of a potential rebound, but the risk of continuous drop remains high. If the largest market does not recover soon, Solana could continue to face the pressure downwards, testing even lower support levels in the next few days.

First floor image from Dall-E, TradingView chart