|

Solana price likely to crash by another 15% as crypto markets nosedive

  • Solana price has sliced through the $115.51 to $144.70 demand zone, signaling a bearish outlook.
  • The 38% crash will likely continue toward the next demand zone, extending from $65.91 to $78.76.
  • A daily candlestick close above $144.70 will invalidate the bearish thesis.

Solana price has seen a massive downward trend over the past week and things are likely to remain bearish. This bearish outlook is seen across all of the crypto markets as Bitcoin crashes. SOL is also likely to continue its descent until it finds a stable support level.

Solana price slide shows no restraint

Solana price has dropped roughly 38% over the past four days, breaching through the daily demand zone, extending from  $115.51 to $144.70. This descent has also flipped the weekly support level at $135.71 into a resistance barrier.

As Solana price hovers around $91.82, there is a good chance this downward trend will continue. SOL is likely to drop a minimum of 15% before it tags the daily demand zone, extending from $65.91 to $78.76.

The 15% crash could extend to 26% when SOL retests the lower limit of the said demand zone. Here, Solana price is likely to see a pause in the bearish trend, as bears and bulls hash it out.

SOL/USDT 1-day chart

SOL/USDT 1-day chart

Regardless of the bearish outlook for Solana price, a bounce off the daily demand zone, ranging from $65.91 to $78.76 seems plausible. The resulting uptrend, while temporarily bullish, needs to pierce the previously broken $115.51 to $144.70 demand zone to end the bearish regime.

Only a daily candlestick close above $144.70 will invalidate the bearish outlook. This development could see Solana price make a run at the 50-day Simple Moving Average at $160.97.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.