Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto

This article discusses the potential for a massive price crash for Solana (SOL) as forecasted by an analyst. The article highlights that the Solana price has been experiencing a bearish trend and could potentially drop to $90, representing a 26% decline from its current levels. The analyst points out that Solana is currently in a Descending Channel, indicating a sustained downtrend.

The article also mentions that Solana’s market sentiment has shifted to fear, with the Fear and Greed index indicating potential panic-driven sell-offs by investors. On-chain data and market trends suggest a prolonged downtrend for Solana, making it a challenging time to buy the altcoin.

Overall, the article suggests that Solana may face further price declines in the near future, with key support levels at $90 and $100 being crucial for the altcoin’s future trajectory. It also highlights the importance of monitoring market sentiment and on-chain data to gauge potential price movements accurately.