{"id":5697,"date":"2025-03-13T19:00:26","date_gmt":"2025-03-13T19:00:26","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/solana-price-crash-to-90-why-a-26-decline-could-rock-this-crypto\/"},"modified":"2025-03-13T19:00:26","modified_gmt":"2025-03-13T19:00:26","slug":"solana-price-crash-to-90-why-a-26-decline-could-rock-this-crypto","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/solana-price-crash-to-90-why-a-26-decline-could-rock-this-crypto\/","title":{"rendered":"Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto"},"content":{"rendered":"

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency\u2019s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana.<\/p>\n

Analyst Forecast Massive SOL Price Crash<\/h2>\n

CoinMarketCap\u2019s data shows that the Solana price has given up most of its yearly gains<\/a> following its massive 50% price crash<\/a> earlier last month. Despite this bearish performance, TradingView crypto analyst MadWhale highlights<\/a> that the pain isn\u2019t over yet, projecting an even deeper price decline for the popular altcoin.\u00a0<\/p>\n

Related Reading: Solana Price On The Verge Of 2022-Like Crash To Send It Back To $22?<\/p>\n

The analyst believes that a 26% drop to $90 may be on the horizon if Solana fails to find proper support. Sharing a detailed price that supports his bearish prediction, MadWhale suggested that the Solana price is currently in a Descending Channel, indicating a sustained downtrend.\u00a0<\/p>\n

The chart shows that the altcoin\u2019s price movement is making lower highs and lower lows, confirming its already bearish structure. Moreover, Solana is presently struggling to break above the key resistance area indicated by a straight red line above the $130 threshold.\u00a0<\/p>\n

\"Solana\"<\/p>\n

The curved red arrow in the chart highlights the trajectory to which Solana is expected to move if it fails to surpass resistance levels. The $90 level is also marked as the main monthly support for the altcoin, where a potential bounce back or accumulation is set to arise. If Solana can retest this support level, MadWhale believes it could recover enough to sustain a lengthy upward trend.\u00a0<\/p>\n

While Solana\u2019s overall price position and market trend are in the red, the TradingView analyst acknowledges that temporary bullish movements could happen. However, these minor fluctuations would be short-lived, as they are part of the broader downtrend.\u00a0<\/p>\n

Notably, MadWhale has marked the $100 mark as a psychological resistance level for the Solana price, where a decline toward this threshold could influence its market sentiment.<\/a>\u00a0<\/p>\n

Solana Market Sentiment Switches To Fear<\/h2>\n

Solana\u2019s market sentiment recently hit 1-year lows, but on-chain data shows an even more volatile trend. The altcoin\u2019s Fear and Greed index<\/a> at 34 indicates<\/a> that it may be approaching extreme fear zones. This suggests a potential period of panic-driven sell-offs by investors.\u00a0<\/p>\n

CoinCodex\u2019s prolonged downtrend. As a result of its bearish price action, CoinCodex indicates that now may be a bad time to buy the altcoin.\u00a0<\/p>\n

Commenting on Solana\u2019s current market sentiment, crypto analyst Market Prophit notes<\/a> that the crowd remains bearish on the cryptocurrency. However, smart money stays bullish, fueling hopes of a possible price reversal<\/a> in the altcoin.<\/p>\n

\"Solana\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The Solana price is seemingly on the verge of another major crash, as an analyst forecasts a correction to $90. Given the cryptocurrency\u2019s recent slow momentum due to the ongoing market letdown, an additional 26% decline to new lows could significantly impact the future outlook of Solana. Analyst Forecast Massive SOL Price Crash CoinMarketCap\u2019s data…<\/p>\n","protected":false},"author":1,"featured_media":5698,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[62,2648,2266,387,2377,2649,169,375,376,170,179,180,219,184],"class_list":["post-5697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-altcoin","tag-coincodex","tag-descending-channel","tag-fear-and-greed-index","tag-madwhale","tag-market-prophit","tag-sol","tag-sol-news","tag-sol-price","tag-solana","tag-solana-news","tag-solana-price","tag-solusd","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/5697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=5697"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/5697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/5698"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=5697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=5697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=5697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}