\n\t\t\t\t\t\t\t\t\tSOL is “basically trading in a big no man’s land,” one popular analyst argued. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Solana\u2019s SOL has been on a severe downfall lately, with its valuation plummeting by almost 40% over the past month alone.<\/p>\n
According to some analysts, the bears are yet to reveal their full potential, envisioning a slump below $10 in the near future.<\/p>\n
SOL HODLers, Beware<\/h2>\n
The leading altcoin was among the worst-affected cryptocurrencies following the latest market slump caused<\/a> by Trump\u2019s renewed tariff saga. Just a few hours ago, SOL briefly dipped to roughly $77 before snapping back above $80, meaning a 6% loss for the day.<\/p>\n The renowned analyst on X, Ali Martinez, observed<\/a> the asset\u2019s recent performance, claiming \u201cthe super trend indicator\u201d has flashed a sell signal on the monthly chart. He noted that the last time this pattern appeared was in January 2022 and preceded a brutal 95% decline. Applying a decline of that magnitude to today\u2019s levels would imply a staggering crash to approximately $4.<\/p>\n Moreover, Martinez warned investors to pay close attention to the $76 support zone. He believes that breaking below it could open the door to a further pullback to $53, $35, and $23.<\/p>\n Sjuul | AltCryptoGems also made bearish predictions recently. He argued<\/a> that SOL \u201ctruly looks compromised on the high time frame\u201d and is \u201cbasically trading in a big no man\u2019s land.\u201d The analyst claimed that as long as the price remains suppressed beneath the $110 resistance, SOL faces the risk of a deep retracement to as low as $20.<\/p>\n Despite the broader crypto market\u2019s depressed condition and SOL\u2019s substantial correction, the asset\u2019s Relative Strength Index (RSI) suggests a rebound could be on the way.<\/p>\n The technical analysis tool gauges the speed and magnitude of recent price movements, offering insight into whether a potential trend reversal may be developing. It ranges from 0 to 100, and ratios below 30 indicate that SOL is oversold and could be on the verge of a rally. Data shows that the RSI has dipped well below that zone on a weekly scale.<\/p>\n X user Mags revealed<\/a> that the asset\u2019s weekly RSI has reached the same level it was in December 2022, when SOL was trading around $8. In the following months, it posted a major bull run, and the analyst wondered if history was about to repeat itself.<\/p>\n Solana\u2019s recent exchange netflow is another factor worth observing. Toward the end of 2025 and into early 2026, inflows exceeded outflows, suggesting that investors were moving funds from self-custody to centralized platforms. This shift is considered a bearish signal because it can be interpreted as a pre-sale step. In recent weeks, however, the trend has reversed with outflows surpassing inflows.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nHow About a Short-Term Bounce?<\/h2>\n
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