Solana Drops Below $100 For First Time in Over a Year

Solana is trading below $100 for the first time in over a year due to significant selling pressure. Key points include:

SOL has lost over 45% since early March.
Analyst Jason Pizzino identifies potential targets at $80 and sub-$60, indicating an 80% correction from recent highs.
The market's macroeconomic environment is unstable, with trade tensions and tightening financial conditions impacting high-risk assets like Solana.
Pizzino's analysis shows repeated bearish signals using the “3-bar rule.”
The $100 level is critical; if this support fails, further declines are likely.
Bulls need to reclaim the $110–$120 zone to shift sentiment positively.

Current price action remains fragile amid broader market uncertainty, raising concerns about deeper losses if support levels do not hold.