Solana (SOL) is facing significant selling pressure and struggling to hold key support levels as the entire crypto market remains under stress. Bulls have lost control, with SOL plunging over 37% since the start of March, reflecting the broader market’s risk-off sentiment.

The downturn isn’t limited to crypto—trade war fears and macroeconomic uncertainty have pushed the crypto and U.S. stock markets to their lowest levels since late 2024. With investor confidence deteriorating, SOL remains in a vulnerable position, failing to reclaim critical price levels.

Despite the recent weakness, some analysts see potential for a turnaround. Top analyst Ali Martinez shared insights on X, highlighting that Solana is forming a textbook cup-and-handle pattern, a bullish technical formation that could lead to a breakout. If this pattern plays out, SOL could reclaim higher price levels, reversing some of its recent losses.#solana #USDT