major moving averages<\/strong>. The current dynamic reflects persistent selling pressure.<\/p>\n\n\n\nTechnical indicators reinforce this scenario. The monthly RSI<\/strong> remains in weakness territory without clear bullish divergence, while Bollinger Bands<\/strong> are opening downward, signaling increasing bearish volatility. Volume confirms seller dominance on technical rebounds.<\/p>\n\n\n\nOn-chain data accentuates this cautious reading: less than 40%<\/strong> of addresses are in profit, a level historically close to capitulation phases<\/strong>. As long as this ratio doesn’t reach an extreme zone, the risk of another bearish leg remains.<\/p>\n\n\n\n
<\/figure>\n\n\n\nHow Far Can the Correction Go? Key Support Levels to Watch<\/h2>\n\n\n\n
Since its ATH around $260<\/strong>, Solana remains exposed to a deep correction if major support levels give way. A drop of 90% to 95%<\/strong>, already observed on other altcoins during previous cycles, would bring the price back to historically low zones but consistent with an advanced bear market<\/strong>.<\/p>\n\n\n\nTechnically, the $90-95<\/strong> levels constitute the first defense zone. In case of breakdown, the following supports are located at $60-70<\/strong>, then around $40 and $25<\/strong>, former institutional accumulation zones. Each break could accelerate selling pressure.<\/p>\n\n\n\nIn 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.<\/p>\n\n\n\n\n