Solana (SOL) is at risk of falling below the $100 mark as technical indicators point to a potential 30% price drop. Analysts warn that a looming “death cross” pattern—where the 50-day moving average crosses below the 200-day moving average—could trigger further downside for the cryptocurrency.
The bearish signal suggests weakening momentum, with traders eyeing support levels to determine whether SOL can avoid a deeper correction. Market volatility and broader macroeconomic factors, including regulatory uncertainty and shifting investor sentiment, have contributed to recent downward pressure on Solana’s price.
Despite strong fundamentals, including high network activity and ongoing ecosystem growth, short-term price action remains under scrutiny. A decisive break below $100 could accelerate selling pressure, while a recovery above key resistance levels may help stabilize the asset.
As investors navigate market turbulence, Solana’s performance in the coming weeks will be crucial in determining whether it can regain bullish momentum or face extended declines in line with technical forecasts.
