The stock #سولانا has collapsed decisively, $SOL
having lost a significant support level following news of the U.S. attack on Iranian nuclear facilities. This unexpected geopolitical development triggered widespread panic in financial markets, with altcoins taking the hardest hit. Solana, in particular, faced significant selling pressure, dropping 20% from its May peak of around $185, and is now trading near $148.
This breakdown confirms investors' concerns about Solana's weak bullish trend. Senior analyst Karl Ronfelt indicated that Solana has completed a head and shoulders pattern - a bearish technical structure that often signals a deeper downward trend. The price has broken the neckline of this pattern, confirming the likelihood of continued declines in the short term.
Adding to the bearish outlook is Solana's inability to regain its previous support levels during short rebound periods. With momentum indicators turning negative and broader market sentiment disrupted, the likelihood of a quick recovery seems slim unless macroeconomic conditions stabilize.
Solana is facing a deeper correction as a bearish pattern becomes clearer.
The bullish momentum of Solana has faded since late 2024, replaced by stagnation and sharp corrections as market conditions deteriorate. Solana is now trading below 50% of its all-time high, still suffering under the weight of global macroeconomic uncertainty and increasing geopolitical tensions. The U.S. military strike on Iranian nuclear facilities has heightened volatility, sending shockwaves through both traditional and cryptocurrency markets.
While Solana was one of the strongest performing cryptocurrencies during the previous cycle, its price action has turned sharply bearish in recent weeks. Bulls have failed to maintain critical support levels, and the asset's price has now dropped below its short-term trend structure. According to Ronfelt, Solana has completed a head and shoulders pattern, a classic technical signal that often precedes a long-term bearish trend. The neckline of the pattern has been broken, and the expected bearish target is now around $106.30 - a level not seen since February.
This breakdown also reflects a broader weakness in the altcoin market. Despite previous hopes for an altcoin season, capital has moved away from risk assets, favoring Bitcoin and stablecoins amid uncertainty. Solana's inability to reclaim its previous highs or establish new lows indicates a market retreat. Momentum indicators continue to flash, and unless bulls quickly recover their losses, Solana may face a prolonged period of consolidation or further losses.
Price analysis #SOL : Breaking through the main support level
Solana $SOL is under pressure as it breaks through the critical simple moving average (SMA) of 200 days at around $149.54, a level that previously served as dynamic support. This breakdown indicates a growing bearish trend, as the price movement confirms a loss of momentum after weeks of consolidation below the resistance area between $155 and $160. Solana is currently trading at around $135.99, down nearly 3% for the day, and more than 20% from its highs in May.
$SOL The chart shows a rejection near the simple moving average of 100 days (green line), and the continued movement below the simple moving averages of 200 days and 50 days (blue line) indicates a shifting structure, heavily tilted towards a decline. Trading volume remains high on the red candles, confirming that the breakdown is supported by increasing selling pressure and not by a liquidity drop.
If the current trend continues, Solana could return to the $120-$125 range, which served as strong support in early Q1 2025. The broader context of macroeconomic volatility and geopolitical tensions, especially the recent U.S. attack on Iran, exacerbates investor concerns regarding risk assets, including altcoins like Solana. A daily close above $149 will be needed to neutralize the short-term bearish structure and change sentiment. Until then, downside risks dominate.