Solana (SOL) might be dealing with considered one of its most crucial technical checks in latest months, with crypto dealer Jussy warning {that a} breakdown at a key degree may set off a collapse towards costs not seen since earlier bear market cycles. With the cryptocurrency buying and selling above this degree and forming two bearish patterns throughout a number of timeframes, the analyst has set two main crash targets for SOL. Nonetheless, solely considered one of these patterns may result in a staggering 50% decline to $30 as soon as the value breaks.
Solana Bear Flag Sample Indicators Crash To $30
On Tuesday, February 24, Jussy took to X, warning crypto buyers and merchants that Solana might be heading towards a dramatic worth collapse. The analyst notes that the main sensible contract token is presently at a critical support level of $76.57 on the value chart that would outline its subsequent bearish transfer.
Associated Studying
Trying on the each day chart, Jussy has recognized a Bear Flag formation that has been growing since early February 2026. The sample exhibits worth consolidating inside a descending channel after a steep sell-off from above $112, underscoring Solana’s continued downtrend over the previous months.
Ought to the $76.57 help degree give method, the analyst initiatives a measured transfer from the Bear Flag sample to $37.88, representing a possible decline of greater than 50% from present ranges. Jussy additionally stated in his evaluation that Solana is on a path to $30, suggesting the altcoin may fall even additional to that degree.
Notably, the analyst’s bearish forecast arrives amid Solana’s recent price struggles, as broader market volatility and shifting investor sentiment weigh closely on the sector. With the crypto bear market already in full swing, SOL has been buying and selling sideways, mirroring the weak performance across major cryptocurrencies, together with Bitcoin.
CoinMarketCap’s information additionally exhibits that Solana’s worth has fallen by greater than 38% for the reason that begin of the yr. Whereas it was trending downward simply final week, the altcoin has since staged a slight recovery from the $76 degree, highlighted in Jussy’s chart evaluation. As of writing, SOL is buying and selling above $86, up greater than 13% from the vital help degree. Ought to upward momentum persist, it may sign a possible deviation from the analyst’s bearish $30 forecast.
Triple Prime Sample Indicators Lesser Decline To $60
For his second bearish forecast, Jussy highlighted that Solana has fashioned a Triple Top pattern on its four-hour chart. This sample is characterised by three successive failed makes an attempt to push larger, with every one printing at a decrease peak than the final. The construction, seen throughout the January and February worth motion, suggests buyers have been steadily losing momentum after every restoration try.
Associated Studying
If the $76.57 help degree breaks, Jussy sees a measured transfer from the Triple Prime sample right down to $61.73 as Solana’s subsequent goal. A drop to this degree would signify a roughly 19% crash from the help space.
Featured picture from iStock, chart from Tradingview.com
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