95% Road Crash?

SOL is “essentially trading in a no-man’s land,” said one prominent analyst.

Solana’s SOL has been on a downward spiral lately, with its valuation dropping nearly 40% in the past month alone.

According to some analysts, the bears are yet to reveal their full strength, and consider a drop below $10 in the near future.

SOL HODLers, Beware

The leading altcoin was among the hardest hit cryptocurrencies following the recent market decline caused by Trump’s renewed tariff saga. Just a few hours ago, SOL briefly dropped to $77 before rebounding above $80, representing a 6% loss for the day.

Popular analyst at X, Ali Martinez, has seen the stock’s recent performance, saying that a “super trend indicator” has flashed a sell signal on the monthly chart. He noted that the last time this pattern was seen was in January 2022 and preceded a brutal 95% decline. Applying a drop of that magnitude to today’s levels would mean a dramatic crash of nearly $4.

In addition, Martinez cautioned investors to pay close attention to the $76 support area. He believes a break below could open the door to a pullback to $53, $35, and $23.

Deep | AltCryptoGems has also made bearish predictions recently. He argued that SOL “looks flawless at peak times” and is “essentially trading in a no-man’s land.” The analyst said that as long as the price is still pressed below the $110 resistance, SOL faces the risk of a deep retracement to $20.

What About Short Term Bounce?

Despite the depressed state of the broader crypto market and the large correction of SOL, the asset’s Relative Strength Index (RSI) suggests that a recovery may be on the way.

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The technical analysis tool measures the speed and magnitude of recent price movements, providing insight into where a potential trend reversal may be developing. It ranges from 0 to 100, and ratings below 30 indicate that SOL is oversold and may be on the verge of a rally. The data shows that the RSI has dipped below that area on a weekly scale.

X user Mags pointed out that the stock’s weekly RSI has reached the same level it was in December 2022, when SOL was trading around eight dollars. In the months that followed, it sent a massive bull run, and analysts wondered if history would repeat itself.

Solana’s recent netflow is another thing to watch. In late 2025 and early 2026, inflows exceeded outflows, suggesting investors were moving money away from holdings and into social media. This change is considered a bearish signal because it can be interpreted as a pre-sale move. However, in recent weeks this trend has changed with cash flow exceeding income.