Solana Cracks below the main structure – head and shoulder collapse points to $ 106
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Solana decisively collapsed, and lost the level of cash support after the news that the United States launched an attack on Iranian nuclear installations. The unexpected geopolitical development caused widespread panic across the financial markets, as Altcoins has made the most difficult blow. Solana, in particular, witnessed a great pressure for sale, as it decreased by 20 % of its height to approximately $ 185 and is now trading near $ 148.
Related reading
This collapse confirms the investor’s concerns that the direction of Sol has weakened. Senior analysts Karl Ronville indicated that Solana has completed the head and shoulders style – a declining technical structure that often indicates a deeper passive side. The price collapsed below the neckline for this style, which confirms the possibility of a constant decrease in the short term.
In addition to the declining Outlook is Solana’s inability to restore previous support levels during short connections. With the transformation of momentum indicators that have turned into negative and broader market morale in the market, the possibility of rapid recovery appears slim unless the total conditions are stabilized.
Solana faces a deeper correction with a declining style
Solana’s bullish momentum has faded since late 2024, and its replacement replaced the stagnation and acute corrections with the exacerbation of market conditions. Trading now more than 50 % less than its highest level ever, Sol continues to struggle under the weight of global macroeconomic uncertainty and increased geopolitical tensions. The American military strike on Iranian nuclear establishments only added to the fluctuation, as it sent shock waves through both traditional markets and encryption.
While Solana was one of the most powerful performance artists during the previous session, her work has turned to declining decisively in recent weeks. The bulls have failed to maintain critical support levels, and the assets have now collapsed without short -term trend structures. According to RunefeltSolana has completed the head and shoulder pattern, a classic technical signal that often precedes a long trend. The neckline has been violated in the model, and the expected downward goal is now about $ 106.30 – an unprecedented level since February.
The collapse also reflects a wider weakness in the Altcoin market. Despite its previous hopes of getting Alex, the capital revolves around the origins of the risk, as Bitcoin and Stablecoins are preferred amid uncertainty. Solana’s inability to restore the previous highlands or create higher decline points to the market in decline. The momentum indicators continue to flash the red color, and unless the bulls are not recovered quickly, Sol may face a long period of integration or additional losses.
Related reading
Sol price analysis: Breaking the main support
Solana is under pressure as it is divided into below the 200 -day simple moving average (SMA) about $ 149.54, a level that was previously dynamic support. This collapse indicates an increased declining feeling, as the price procedure confirms the loss of momentum after weeks of monotheism without ranged between 155 and 160 dollars from the resistance area. As of now, Sol is trading of about $ 135.99, a decrease of approximately 3 % per day and more than 20 % of its highest levels in May.
The graph shows a rejection near SMA (the 100 -day green line), and the continuous movement without both SMAS (the 200 -day blue and 50 -day structure to a transformation structure, which tends strongly towards the negative side. The volume remains high on red candles, which confirms that the collapse is supported by increasing the pressure of sale rather than the movement of low liquidity.
Related reading
If the current trend continues, Solana can re -visit 120 to 125 dollars, which previously served as strong support in the early first quarter of 2025. It adds the broader context of macroeconomic tension and geopolitical tension, especially the recent American attack on Iran, to non -invested invested through risk assets, including Altcoins such as Solana. A daily closure will be needed over $ 149 to neutralize the short -term downward structure and transfer its morale. Until then, negative risks dominate.
Distinctive image from Dall-E, the tradingView graph
