#Solana is under pressure, currently trading at $134 and testing a critical support level at $126. A bearish rounding top pattern on the chart suggests a potential 30%+ drop to around $85 if the support breaks. Technical indicators like the ADX and MACD signal growing bearish momentum.
On-chain data also looks weak: stablecoin market cap on Solana has dropped by $2.5 billion in under two months, and active DeFi users have halved since early June. Unless $SOL reclaims $187, the risk of a deeper crash remains high.
