Solana (SOL) Price Warning: Is a 95% Drop Looming?

crypthub

about 7 hours ago

Recent Price Decline

Solana’s SOL has fallen about 40% in the last month, briefly touching $77 before recovering above $80, marking a 6% daily loss. Analysts warn that bears may push the price below $10, citing a “sell” signal on the monthly super trend indicator, last seen before a 95% drop in January 2022. If a similar decline occurs, SOL could tumble to around $4, with key support at $76; a breach might trigger falls to $53, $35, or $23. Another commentator notes SOL is trapped under $110 resistance, risking a retracement to $20 if the downtrend persists.

Technical Signals

Despite the slump, SOL’s Relative Strength Index (RSI) is deep in oversold territory, below the 30 threshold that often precedes rebounds. The weekly RSI mirrors levels from December 2022, a period that preceded a strong bull run, prompting speculation of a repeat. Some analysts see the RSI dip as a potential catalyst for a short‑term rally, though the overall trend remains bearish.

Market Sentiment

Exchange netflow data shows a recent shift from inflows to outflows, indicating investors moving funds off centralized platforms—a bearish pre‑sale signal. Earlier in late 2025 and early 2026, inflows dominated, but the current reversal suggests waning confidence. Combined with the technical warnings, the outlook for SOL remains uncertain and heavily scrutinized.