Analyst Predicts Potential Solana Price Drop Below Key Resistance Levels

The crypto analyst known for predicting the Bitcoin crash to $20,000 in 2021 has issued a warning regarding Solana (SOL). He identifies a critical resistance zone between $190 and $215 that Solana needs to recover to avoid a further price decline.

Details on Solana's Current Situation

Analyst DonAlt highlights failed attempts by SOL to break above the $190-$215 resistance zone.
Solana's price is currently around $141, with risks of falling back to support at $126, indicating a potential drop exceeding 10%.
The upper boundary near $250 remains a strong resistance, suggesting sellers control the trend.
High-Time Frame (HTF) charts show a bearish outlook with rejection from key levels.

Despite traders often dismissing evident bearish patterns, DonAlt notes the lack of panic or discussion about Solana’s risks, which could indicate underlying market vulnerability.

Solana price analysis

The ongoing bearish pressure is evident as Solana consistently weakens near resistance zones. This trend aligns with broader crypto market downtrends and increased volatility.