Solana Crash Alert: $90 in Sight, How Long Can the Bulls Hold On?

Solana (SOL) is in turmoil, its price hanging by a thread like a lone boat on the edge of a cliff, ready to plunge into the abyss at any moment. Analyst MadWhale warns that after last month's 50% crash, SOL could drop another 26%, approaching the critical $90 mark. The current price struggles to hold the resistance at $130, but the downward trend is undeniable: lower highs and lower lows are like chains binding it, and market sentiment has plummeted to freezing point. If support is lost, the future outlook is grim; would you dare to catch this falling knife?

Fear permeates the market, with SOL's fear and greed index dropping to 34, investors are like startled birds, with panic selling on the verge of breaking out. On-chain data reveals deeper turbulence, with only a few green days in the past 30 days, as the ongoing downtrend shadows the market. MadWhale points out that $90 is a key monthly support; if it can bounce back from the bottom, it may offer a glimmer of hope for the bulls; conversely, if it falls below the psychological threshold of $100, the bears will celebrate as they completely crush confidence. CoinCodex bluntly states: Buying the dip now is at your own risk.

However, the hidden turning point is not extinguished. Market Prophit reveals that smart money is still quietly bullish, anticipating a reversal. Although short-term volatility may not stop the overall downward trend, if global liquidity warms up or favorable news hits, SOL could stage a comeback from $90. Stay tuned to watch Zuyelive closely, as this life-and-death game unfolds!