Solana’s Bearish Pattern Repeats: Could $52 Be Next?
I see Solana struggling to hit that eighty six dollar mark again. The charts are showing a bad pattern that keeps happening. You should prepare for a drop down to fifty two dollars if the support fails. I want you to look at the facts before you trade.
Current Price Action
SOL trades near eighty three dollars right now after a small jump. I watched it hit eighty five for a second before it slowed down. The price still stays below the fifty day moving average. You need to see a close above eighty six to feel safe. Bitcoin went over seventy three thousand but it didn’t save this coin. I think the momentum looks very weak today.
A Recurring Bearish Pattern
Solana keeps making lower peaks since it was one hundred forty eight dollars. I follow Ali Martinez who says there is three steps to this cycle. First the price jumps above the moving average for a bit. Then the coin fails to stay at that high level. A big crash usually follows that failure. I saw this happen back in November of twenty twenty five. It happened again in January too. Now I see the price stuck in a small range. Martinez says this means a big move is coming soon. You might see the price hit sixty or even fifty two dollars. I believe the chart shows a clear path down.
Key Levels to Watch
That eighty six dollar line is a huge wall for you. I think a move past that could lead to one hundred twenty. You have to check the trading volume to be sure. If the price falls you will see it hit fifty two fast. I noticed some people are buying at eighty dollars. There is some hope in the RSI numbers on the weekly chart. But the big trend still looks very bad to me.
Broader Market Context
Most small coins follow what the big ones do. I know many traders who feel very tired of waiting. You can look at new projects like LiquidChain instead. I saw they raised over two million dollars already. They offer a big reward of one hundred twenty seven percent for staking. This project helps the main network stay fast. I think it gives you a different way to use your money.
Conclusion
I see the same old cycle happening with SOL again. That eighty six dollar level is the main thing to watch. You will likely see the price drop more if it stays low. I suggest you keep an eye on fifty two dollars as a target. Watch the market every day and stay safe with your picks.
