Fun

Solana Loses Long-Term Support Level – Analyst Shares Insights

News Feed - 2025-02-26 08:02:22

Este artículo también está disponible en español.


Solana is trading at its lowest levels since September 2024, with extreme fear and selling pressure dominating the market. Since breaking its all-time high in January, SOL has retraced over 55%, leaving bulls struggling to regain momentum. The broader crypto market is facing a period of uncertainty, and Solana has been one of the hardest-hit altcoins in recent weeks. Related Reading Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation 1 day ago


Bears have remained in control, consistently driving prices lower as investors lose confidence. The once-thriving meme coin speculation that fueled Solana’s rally has now turned into a major headwind, accelerating the selloff and preventing a stable recovery. Analysts believe further declines could be on the horizon, especially if SOL fails to reclaim key support levels.


Top analyst Jelle shared a technical analysis on X, noting that Solana has broken below a crucial demand level, signaling increased risk of additional downside. According to Jelle, SOL’s current price structure suggests that bears still have control, and unless a strong bounce occurs soon, lower price targets could come into play. With market sentiment at extreme lows, all eyes are on Solana to see if it can stabilize or if further declines are inevitable. Solana As Market Turns Bearish


Solana is trading below critical demand levels that previously sustained its long-term bullish structure. Bulls have lost control, and bears continue to dominate, pushing the entire market lower. Since reaching all-time highs in January, SOL has dropped over 55%, erasing months of gains and signaling extreme fear among investors. As selling pressure intensifies, Solana has become one of the hardest-hit altcoins, with meme coins suffering the most. The speculative frenzy that once fueled Solana’s surge has now turned into a major risk, with rug pulls and liquidity issues shaking investor confidence.


Jelle’s analysis on X reveals that when he sold his SOL bags, he didn’t expect the price to drop this hard. He also notes that Solana has lost both monthly and weekly support levels, which could indicate further declines. The breakdown below these key demand zones has intensified bearish sentiment, making a recovery more difficult in the short term. Solana lost long-term support | Source: Jelle analysis on X


The upcoming week will be crucial for Solana’s price action, as the market leans increasingly bearish. If SOL fails to reclaim lost support, it could face another wave of selling pressure, potentially pushing it into lower demand zones around the $140 mark. However, if bulls manage to regain control and push the price back above $185, it could trigger a short-term relief rally. Related Reading Bitcoin Faces Serious Price Compression – What Happened Last Time 3 days ago


With the broader market struggling and uncertainty rising, Solana’s next move will determine whether it can stabilize or continue its downward trajectory. Investors remain cautious as fear dominates sentiment, but some still believe in a potential recovery if market conditions improve. The coming days will be crucial in deciding Solana’s fate in this volatile market. Price Struggles To Hold $140


Solana is trading at $139 after a brutal selloff that saw the price drop over 22% since Sunday. The entire crypto market has been hit with extreme selling pressure, but SOL continues to struggle more than other altcoins. Bearish momentum remains strong, and bulls are finding it difficult to establish a clear support zone. SOL Loses Key Demand | Source: SOLUSDT chart on TradingView


If Solana can hold above the $140 mark, there is a chance of a short-term recovery. Bulls must step in and push the price above $150 to signal strength and prevent further downside. However, current sentiment remains weak, and any failure to reclaim lost levels could lead to further declines.


If SOL loses $140, the next significant demand zone sits around the $125–$130 range. Breaking below this level would confirm a deeper correction, potentially pushing SOL into its lowest price since August 2024. Investors are growing cautious as market volatility increases, and Solana’s price action remains uncertain. Related Reading Cardano Remains In Consolidation – Expert Projects 25% Price Move 2 days ago


For now, traders are watching for signs of a potential bounce, but the risk of continued declines remains high. If the broader market doesn’t recover soon, Solana could continue to face downward pressure, testing even lower support levels in the coming days.


Featured image from Dall-E, chart from TradingView

News Feed

How to buy Bitcoin in Switzerland
Dilip Kumar Patairya14 hours agoHow to buy Bitcoin in SwitzerlandIs Bitcoin legal in Switzerland? Discover Swiss banks’ attitudes toward crypto and various ways to buy BTC.979 Total views2 Total sharesListen to article
Tom Blackstone4 hours agoUSDC will launch natively on Base network ‘next week’ — Jeremy AllaireCircle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need fo
Average daily active unique wallets reach 7M — DappRadar
Tristan Greene3 hours agoAverage daily active unique wallets reach 7M — DappRadarAccording to the report, DApp activity is up 77% over Q4 2023.534 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCo
Visa Files Patent for Cryptocurrency System to Replace Cash
Visa Files Patent for Cryptocurrency System to Replace CashVisa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, wh
Former Goldman Sachs Analyst: ‘The 1% is Dumping Stocks’
The S&P 500 (SPX) is trading close to all-time highs. The Dow Jones Industrial Average (DJI) is in the same boat as it is a few points away from a new record. The market is climbing despite global instabilities such
Facing potential prison time, former Binance CEO hints at new project
Turner Wright5 hours agoFacing potential prison time, former Binance CEO hints at new projectSince his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a
Ethereum-based investment products see negative outflows for 4th consecutive week
Zoltan Vardai10 hours agoEthereum-based investment products see negative outflows for 4th consecutive weekEthereum-based crypto investment products flows declined for the fourth consecutive week despite positive flows in
Cats vs dogs: Animal memecoins surge triple, quadruple digits over past month
Tom Mitchelhill5 hours agoCats vs dogs: Animal memecoins surge triple, quadruple digits over past monthDog, cat and frog-themed memecoins have been battling it out in the charts, though dog-themed tokens are still edging
Solana (SOL) Reclaims $150: Is The Rally Back On?
Este artículo también está disponible en español. Solana climbed higher above the $140 resistance zone. SOL price is rising and might gain bullish momentum if it clears t
Savannah Fortis14 minutes agoMusic with AI elements can win a Grammy, Recording Academy CEO says in reportThe CEO of the Recording Academy, known for its yearly Grammy awards, reportedly clarified that music with AI-crea
640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,200 to Start the Weekend
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,200 to Start the Weekend Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-wee