Solana has been negotiating at its lowest levels since September 2024, with extreme fear and sales pressure dominating the market. Since the height of all time in January, Sol has retraced more than 55%, leaving the bulls which have trouble resuming the momentum. The wider market of cryptography is faced with a period of uncertainty, and Solana has been one of the hardest altcoins in recent weeks.
Related reading
The bears remained in control, which systematically lowered prices as investors lose confidence. Speculation on the memes former bankruptcy which fueled the Solana rally has now transformed a major front wind, accelerating the sale and preventing a stable recovery. Analysts believe that new drops could be on the horizon, especially if soil fails to recover key support levels.
The upper analyst Jelle shared a technical analysis on X, noting that Solana broke below a crucial level of demand, signaling an increased risk of additional drop. According to Jelle, Current soil price structure suggests that bears always have control, and unless a solid rebound occurs soon, lower price lenses could come into play. With the feeling of the market to extreme stockings, all eyes are on Solana to see If he can stabilize or if other decrees are inevitable.
Solana as a market becomes a drop
Solana is negotiated below the levels of critical demand that previously supported its long -term bullish structure. The bulls have lost control and bears continue to dominate, pushing the entire market lower. Since he reached heights of all time in January, Sol has dropped by more than 55%, has been erased months of earnings and reporting extreme fear among investors. While the sale pressure is intensifying, Solana has become one of the hardest altcoins, with the most suffering parts. The speculative frenzy which has once fed Solana’s thrust has now turned into a major risk, with carpet prints and liquidity problems shaking the confidence of investors.
Jelle analysis on x reveals that when he sold his ground bags, he did not expect the price to drop so much. He also noted that Solana has lost monthly and weekly support levels, which could indicate other drops. Ventilation below these key demand zones has intensified the lowering feeling, which makes recovery more difficult in the short term.
The coming week will be crucial for the action of Solana prices, because the market is increasingly lower. If Sol does not manage to recover the lost support, it could face another wave of sales pressure, which can push it in lower demand zones around the bar of $ 140. However, if the bulls manage to regain control and postpone the price above $ 185, this could trigger a short-term rally.
Related reading
With the wider market in difficulty and the increase in uncertainty, Solana’s next decision will determine if it can stabilize or continue its trajectory downwards. Investors remain cautious because fear dominates the feeling, but some still believe in potential recovery if market conditions improve. The next few days will be crucial to decide the Solana fate on this volatile market.
The price is struggling to contain $ 140
Solana is negotiated at $ 139 after a brutal sale that has seen the price drop by more than 22% since Sunday. The entire cryptography market has been affected by extreme sales pressure, but Sol continues to fight more than other altcoins. The bearish momentum remains strong and the bulls find it difficult to establish a clear support area.
If Solana can hold above the $ 140 mark, there is a chance of short-term overlap. Bulls must intervene and push the price above $ 150 to report force and prevent the drop more. However, the current feeling remains weak and any failure to recover the lost levels could lead to new decreases.
If Sol loses $ 140, the next major request area is around the range from $ 125 to $ 130. The rupture below this level would confirm a deeper correction, potentially pushing soil in its lowest price since August 2024. Investors become cautious as market volatility increases, and the action of Solana prices remains uncertain.
Related reading
For the moment, traders are taking care of signs of a potential rebound, but the risk of continuous decline remains high. If the wider market is not recovered soon, Solana could continue to face downward pressure, testing even lower support levels in the coming days.
Dall-e star image, tradingview graphic
