Why Solana Could Be Heading for a Crash to $50

Solana’s native token has been underperforming during the persistent bear market, but some analysts view the current levels as great buying opportunities.

Others believe the asset is at a critical turning point, suggesting that a further 30% crash is not out of the question.

More Bleeding?

SOL has been in a major decline lately, with X user WIZZ noting that it has logged nine consecutive red months and is at risk of closing a tenth – something unseen in its history. Ivan on Tech said people should respect the trend and take it as a warning that the price could slip further in the near future.

As of this writing, it trades at around $74 or very close to the $73.75 mark, which the popular analyst Ali Martinez labeled a “make-or-break” moment. He outlined that more than 50 million SOL were bought around that level, making it the most critical support on the map. Martinez thinks that a sustained close under the key zone might trigger additional selling pressure, with $60 becoming the next major downside target.

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