Solana (SOL) is in a free fall, is there any hope of recovery? Here is the technical analysis (2/26/25)

Jakarta, Pintu News – Solana (SOL) is now at its lowest point since September 2024, with extremely high selling pressure and extremely negative market sentiment. Since reaching its highest peak in January, Solana (SOL) has lost more than 55% of its value, leaving investors in a state of deep uncertainty.

Technical Analysis Shows Bearish Mastery

According to analysis from Jelle, a leading analyst, Solana (SOL) has lost a very crucial support level. This signals that there is a risk of an even deeper price drop. The current price structure shows that the bears are still in control of the market.

If there is no strong price bounce in the near future, there could be an even sharper price drop. Jelle also added that the loss of monthly and weekly support indicates further downside potential. Failure to hold these support levels has reinforced bearish sentiment, making recovery more difficult in the short term.

Also Read: Senator Dick Durbin Introduces Legislation to Stop Fraud at Crypto ATMs

Solana (SOL) under Market Pressure

Since its peak, Solana (SOL) has experienced a decline of more than 55%, erasing gains made over several months. Mounting selling pressure has made Solana (SOL) one of the hardest-hit altcoins, with the meme coin suffering the biggest losses.

The speculative frenzy that once fueled Solana’s (SOL) surge is now turning into a major risk, with liquidity issues and rug pulls shaking investor confidence. The coming week will be crucial for Solana (SOL) price action. If Solana (SOL) fails to reclaim the lost support, there could be another wave of selling pressure, potentially pushing the price to the lower demand zone around $140.

Price struggles to stay at $140

Solana (SOL) is currently trading at $139 after experiencing heavy selling that caused the price to drop more than 22% since Sunday. The bearish momentum remains strong, and the bulls are struggling to establish a clear support zone. If Solana (SOL) can hold above $140, there could be a chance for a short-term recovery.

However, current market sentiment remains weak, and failure to reclaim lost levels could lead to further declines. If Solana (SOL) loses $140, the next significant demand zone is in the $125-$130 range. A break below these levels would confirm a deeper correction, potentially pushing Solana (SOL) to its lowest price since August 2024.

Conclusion

Investors should exercise caution as market volatility increases and Solana (SOL) price action remains uncertain. With extreme selling pressure and missing critical support, the near-term future of Solana (SOL) looks bleak. However, any sign of recovery or successful support could provide a bit of hope for those investors still holding out.

Also Read: 3 Factors Causing the 50% Drop in Solana (SOL) Price from All-Time Highs

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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. Trading crypto carries 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 Loses Long-Term Support Level, Analyst Shares Insights. Accessed on February 26, 2025
• Featured Image: NewsBTC