Will Solana crash another 95%? Why SOL’s bottom seems distant
Is Solana's price about to plummet? Discover key indicators suggesting SOL's bottom is still far off. Get the latest analysis!
Solana Under Pressure: Concerning Monthly Bearish Signals
The activation of a monthly sell signal on Solana confirms a weakened market structure on longer timeframes. Historically, this type of configuration leads to prolonged corrections, with price moving durably below its major moving averages. The current dynamic reflects persistent selling pressure.
Technical indicators reinforce this scenario. The monthly RSI remains in weakness territory without clear bullish divergence, while Bollinger Bands are opening downward, signaling increasing bearish volatility. Volume confirms seller dominance on technical rebounds.
On-chain data accentuates this cautious reading: less than 40% of addresses are in profit, a level historically close to capitulation phases. As long as this ratio doesn’t reach an extreme zone, the risk of another bearish leg remains.
How Far Can the Correction Go? Key Support Levels to Watch
Since its ATH around $260, Solana remains exposed to a deep correction if major support levels give way. A drop of 90% to 95%, already observed on other altcoins during previous cycles, would bring the price back to historically low zones but consistent with an advanced bear market.
Technically, the $90-95 levels constitute the first defense zone. In case of breakdown, the following supports are located at $60-70, then around $40 and $25, former institutional accumulation zones. Each break could accelerate selling pressure.
In this uncertain context, the DCA (Dollar Cost Averaging) strategy appears as a rational approach for long-term investors. The timing of the bottom remains unpredictable, but monitoring volumes and reactions at support levels will be crucial to anticipate a potential lasting reversal.
Test Pionex’s free bots and take profits like a trading pro!
Related Articles:
Simon Dumoulin
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Go Further
See More → Altcoins
Will Solana crash another 95%? Why SOL’s bottom seems distant
Altcoins
XRP, Bitcoin, and SHIB: Crypto market analysis today
Altcoins
Trump tariffs overturned: Top Altcoins whales are buying now
Altcoins
Hyperliquid: Can the HYPE explode to $150 by July?
Altcoins
XRP: Is this historic signal predicting a 114% surge?
