👎🏻 Solana Could Go Back to $80 👎🏻

As of April 24, 2025, Solana ($SOL ) is trading at approximately $148.21, reflecting a slight decline of 1.9% from the previous close. Despite recent bullish momentum, analysts are closely monitoring key support levels that could influence SOL's trajectory.

📉 Bearish Outlook: The $80 Scenario

Veteran crypto analyst Peter Brandt has issued a cautious forecast for Solana, suggesting that a significant price decline to $80 could occur if certain technical levels are breached. Brandt highlights the $129 support level as crucial; a fall below this point could complete a bearish rectangle pattern, potentially leading to a sharp downturn .

Further analysis indicates that if SOL fails to maintain the $95 support level, the next significant support zone lies between $80–$85. A breach of this range could pave the way for a deeper correction .

🚀 Bullish Potential: Aiming for $200

Conversely, some analysts maintain an optimistic outlook for Solana. The $200 resistance level is identified as a significant hurdle; surpassing this could signal a strong bullish trend. Indicators such as the Relative Strength Index (RSI) above 50 and positive readings from the Moving Average Convergence Divergence (MACD) suggest underlying buying interest .

🔍 Conclusion

While Solana's current price of $148.21 reflects a period of consolidation, the potential for both upward and downward movements remains significant. Investors should remain vigilant, continuously assessing market conditions and technical indicators to make informed decisions.

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