Geopolitical Crisis Triggers Solana Price Crash, What Happens Next?

Jakarta, Pintu News – The recent US military strike on Iran’s nuclear facilities has created a wave of panic in global financial markets, with the impact being particularly pronounced on cryptocurrency markets. Solana (SOL), previously recognized as one of the best performing crypto assets, is now experiencing a sharp decline. In recent weeks, SOL has lost critical support and is showing strong bearish signals.

Technical Analysis Shows Strong Bearishness

Solana (SOL) has shown a Head and Shoulders pattern, which is a bearish indicator in technical analysis. This pattern signals that SOL may experience further declines. Solana’s price has fallen below the neckline of this pattern, which confirms a potential price drop in the short term. From its May high of around $185, SOL is now trading at around $148, indicating a drop of around 20%.

The Head and Shoulders pattern that formed suggests that selling pressure on Solana is increasing. Top analyst Carl Runefelt emphasized that a break below the neckline of this pattern is confirmation of a potential continued decline. The projected bearish target is now around $106.30, a level not seen since February.

Read More: Crypto Market Crisis: The Impact of US Attack on Iran on Bitcoin and Ethereum!

Geopolitical and Macroeconomic Impacts

The attack by the United States on Iran not only increased geopolitical tensions but also added to global macroeconomic uncertainty. This has had a direct impact on the cryptocurrency market, including Solana. Solana, which had previously shown strong performance, is now struggling under the weight of this uncertainty and has lost more than 50% of its highest value.

This instability has caused investors to shift their capital from risky assets such as altcoins to Bitcoin (BTC) and stablecoins such as Tether (USDT). This suggests that there is a tendency to be risk-averse amid high uncertainty. Solana, which failed to defend critical support levels, now faces the risk of further declines.

Market Outlook for Solana

Solana is now under pressure after falling below the 200-day simple moving average around $149.54. This is an important indicator that previously served as dynamic support. If the current trend continues, SOL may test the $120-$125 range, which was previously strong support as early as the first quarter of 2025.

To change the short-term bearish structure and shift the market sentiment, Solana needs to close back above $149. However, without significant changes, SOL may face a long period of consolidation or further losses. Investors and market watchers should pay attention to momentum indicators and geopolitical developments to anticipate Solana’s next price move.

Conclusion

With the current market conditions and continued uncertainty, Solana’s future seems fraught with challenges. Investors should remain vigilant and consider external factors that may affect the crypto market. Careful observation of technical indicators and global developments will be key in navigating this volatile market.

Also Read: Sharp ADA Decline Amid Geopolitical Tensions, What’s the Impact? (23/6/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana Cracks Below Key Structure, Head and Shoulders Breakdown Points to $106. Accessed on June 23, 2025
• Featured Image: Euronews