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Solana has been traded at its lowest levels since September 2024, with extreme fear and sales pressure dominates the market. Since breaking its highest level ever in January, Sol has regained more than 55 %, leaving the bulls struggling to restore momentum. The broader encryption market faces a period of uncertainty, and Solana was one of the most difficult idiots in recent weeks.
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Bears remained in control, and paid prices constantly as investors lost confidence. The Mimi currency speculation once fed the Solana gathering now turned into a major opposite wind, which faster the sale and prevent stable recovery. Analysts believe that there is a decrease on the horizon, especially if Sol fails to restore the main support levels.
Supreme analyst Jelle shared a technical analysis on X, noting that Solana has decreased to less than the decisive demand level, indicating an increase in the risk of an additional negative side. According to Jelle, the current price structure of Sol notes that the bears are still controlled, and what does not happen is strong soon, the low price targets may be operated. With the feelings of the market in the far country, all eyes are on Solana to see if it can settle or if there are other declines that are inevitable.
Solana while the market turns into a decline
Solana is traded without the decisive demand levels that previously maintained its long -term bullish structure. The bulls have lost control, and the bears continue to control, which prompted the entire market. Since reaching the highest level ever in January, Sol has decreased more than 55 %, erasing the most famous gains and indicating extreme fear among investors. With the condensation of the sale pressure, Solana has become one of the most difficult Alexions, with Meme coins that suffer more than others. The speculative frenzy that had been turned as soon as the Solana boom has now turned into a great danger, with a carpet withdrawal and liquidity problems that shake the investor's confidence.
An analysis of a generation on x He reveals that when he sold his Sol bags, this price would not have been expected to decrease. It is also noted that Solana lost monthly and weekly support levels, which may indicate more declines. The collapse below has increased from the main areas of demand, these emotional feelings, making recovery more difficult in the short term.
Next week it will be very important for Solana Price, as the market is increasingly inclined. If Sol fails to restore missing support, he may face another wave of pressure, which may push it to low -order areas around the mark of $ 140. However, if Bulls managed to regain control and pay the price to more than $ 185, this may lead to a short -term relief.
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With the highest market in the market and uncertainty, the next step for Solana will be determined whether it can install or continue its landmark. Investors are still cautious because fear dominates feelings, but some still believe in a potential recovery if market conditions improved. The coming days will be decisive in the Solana fate in this volatile market.
Prices are struggling to keep $ 140
Solana is trading at $ 139 after a brutal sale that has witnessed a decrease in the price more than 22 % since Sunday. The entire encryption market is exposed to severe sale, but Seoul continues the struggle more than altcoins. The landfill is still strong, and the bulls find it difficult to create a clear support area.
If Solana can stick to $ 140, there is an opportunity to restore short -term. The bulls must intervene and pay the price above $ 150 to sign a strength and prevent the negative side. However, current feelings are still weak, and any failure to restore lost levels can lead to more declines.
If you lose $ 140, the next important demand area is around 125 to 130 dollars. The collapse without this level would confirm a deeper correction, and may drive Sol to its lowest price since August 2024. Investors have been growing cautiously with increasing market fluctuations, and Solana's work is still not certain.
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Currently, merchants are monitored by potential bounce marks, but the risk of continuing declines is still high. If the broader market is not recovered soon, Solana may continue to face the declining pressure and test the low support levels in the coming days.
Distinctive image from Dall-E, the tradingView graph