Solana is currently trading in a critical range between $79 and $81, below its 50-day Simple Moving Average (SMA) of $85.79. Analysts, including @alicharts, have identified a "consolidation phase" that has historically preceded major sell-offs, suggesting a potential 35% drop if Solana fails to reclaim the $86 resistance level. This pattern has been observed twice since October 2025, leading to significant price declines.
The current technical setup indicates a lack of buying momentum, with Solana's RSI reflecting weak demand at higher levels. The asset's inability to break above the $86 threshold could result in a bearish adjustment toward $52, erasing recent gains and impacting confidence in the DeFi sector. Traders are on high alert as Solana's price movement continues to follow a concerning cyclical pattern.
Solana Faces Potential 35% Drop Amid Pre-Crash Pattern Concerns
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