Solana might just crash
2025-02-09
Category: None

The pattern is clear. There was a deceptive breakout to $295, but it failed to hold support. So the price reached the top of the pattern. It's simple: now we have to wait for the price to reach the support line, which could be $80. Then, Solana will have to break $146. If it does, there might still be a chance for a bullish breakout from the pattern. But if it fails, it could lead to a bearish breakout, meaning a crash to $40-30 support range since there are no other supports if $80 is lost.
So basically, the chart is looking grim. As the last hope for a bullish move, Solana must reclaim and break the $205-210 level.