Cryptocurrency experts predict Solana’s drop to $ 175

Analyst and trader Ayush Jindal warns of the risk of a decline in the value of Solana SOL $184.56 Binance-Peg SOL -4.25% Market capitalization $0.2 billion VOL. 24 hours $0.56 billion if the support level of $ 175 is broken. According to him, the technical picture indicates the formation of a bearish pattern, which could lead to a further price drop. The token is currently under pressure after several failed attempts to overcome resistance in the $ 195-$ 200 range.

According to Jindal, if the price does not stay above $ 175, it could open the way to a decline to the $ 160 zone and below. The market is showing signs of weakening buyer momentum, which increases the likelihood of a short-term correction. Such dynamics are consistent with the general decline in the cryptocurrency market, where bitcoin and ether have also lost ground amid macroeconomic uncertainty.

The analyst points out that Solana has traditionally been highly volatile, so the pressure on altcoins may persist. At the same time, he does not rule out the possibility of recovery: if the price returns above $ 190, the token may test the $ 200 level again and, under favorable conditions, reach $ 215. To do this, it needs to maintain trading volumes and positive signals from the general market.

According to Jindal, the key for Solana’s further movement is the range of $ 175-$ 180. It is in this corridor that will determine whether the token will be able to move to short-term growth or whether a deeper correction will begin. The analyst advises traders to closely monitor price behavior in this segment.

Solana’s decline comes amid a general weakening of the market, which increases the importance of technical support and resistance levels. Jindal emphasizes that the current situation calls for caution, especially as uncertainty among investors grows.