Solana (SOL) is trading at its lowest price level since September 2024 due to fear and intense selling pressure in the crypto market.
Analysts suggest that Solana may be experiencing a macro trend shift from bullish to bearish, with concerns about a potential prolonged downtrend.
Solana is trading below crucial daily support levels and struggling to reclaim momentum, putting the once-strong uptrend at risk of collapsing.
Investors are closely watching if Solana can reclaim key resistance levels to trigger a recovery, while failure to do so may lead to an extended bearish phase.