Solana’s Breakdown: Is a $10 SOL Inevitable or Just Hype?

The crypto world stands at a precipice as Solana, once the darling of the blockchain space, faces a potential price collapse that has investors on edge. With SOL breaking critical support levels and bearish indicators flashing red across the board, we’re witnessing what could be a defining moment for one of crypto’s most prominent networks.

Solana has broken below the crucial $120 support level, triggering investor concern about a potential sell-off. World Crypto Daily, a YouTube channel with over 5,000 subscribers, notes this is the second breach of this threshold in just 30 days. This repeated pattern suggests weakness in SOL short-term outlook.

When support levels get tested twice so quickly, it usually signals problems. World Crypto Daily believes this could lead to further price drops.

The crypto market downturn seems linked to Trump’s aggressive trade stance. World Crypto Daily explains that inflation fears from potential tariffs have spooked investors. This affects most financial assets, including SOL.

This political pressure comes at a bad time for Solana, which was already showing weakness on the charts.

Solana Faces Downward Pressure Amid Bearish Momentum

The technical picture for Solana looks concerning. According to World Crypto Daily, the RSI remains below the signal line. The MACD histogram shows increasing negative momentum. These indicators suggest SOL might drop further, possibly testing $110 or even $100 soon.

The alignment of these technical signals often precedes continued downward pressure until we hit oversold territory.

Market sentiment isn’t helping Solana’s case. The Fear & Greed Index sits at 25, showing high anxiety among traders. World Crypto Daily warns that any more bad news could push sentiment into “extreme fear,” potentially causing panic selling.

Is a $10 SOL Inevitable or Just Hype?

If bearish conditions continue, World Crypto Daily suggests Solana could test historical support at $60. Further drops might reach $30 or even $10 in a worst-case scenario.

We’ve seen similar percentage drops in previous bear markets. While $10 Solana isn’t the most likely outcome, smart investors prepare for all possibilities in volatile crypto markets. History shows similar percentage drops in previous bear markets, a $10 SOL represents an extreme rather than inevitable outcome.

Not all news is bad for Solana. Its memecoin ecosystem keeps expanding. World Crypto Daily highlights Solexi, a new layer-2 scaling protocol that raised $29 million. This project aims to solve congestion issues and improve network performance.

Even during downturns, development continues. Solexi’s funding shows ongoing faith in Solana technology.

Read Also: Top Analyst Outlines Conditions for a Solana Rally as Trump’s World Liberty Finance Skips SOL

For those seeking opportunities, World Crypto Daily points to Solexi’s native token, $DOLLARS. It’s available in pre-sale at $0.684, offering early access before wider adoption of the layer-2 solution.

Recent market data shows SOL dropping 13% in one week. Even more concerning, trading volume has fallen 40%, even during major news cycles that typically drive activity.

The Fear & Greed Index at 25 confirms high investor anxiety. However, Solexi’s $29 million fundraise shows parts of the Solana ecosystem still attract investment despite overall bearish sentiment.

The coming weeks will be crucial for Solana. The short-term looks challenging, but long-term investors should watch key support levels before making hasty decisions.

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