🚨 Solana Price Alert: Bearish Chart Pattern Threatens $146 Support – Is SOL Headed for a Drop?

Solana's price action is flashing warning signs. A notorious chart pattern—one that's crushed bullish dreams before—is forming as SOL teeters above $146. Here's what traders need to know.

The Breakdown Threat

That ominous setup? It's the kind that makes leverage traders sweat. When this pattern appears, it often precedes double-digit percentage drops. And with SOL already wobbling near a critical level, the next candle could trigger cascading liquidations.

Market Psychology at Play

Retail FOMO meets institutional skepticism—classic crypto tension. The 'smart money' watches these technical levels like hawks (or vultures, depending on your outlook). Meanwhile, the usual suspects on Crypto Twitter are either screaming 'buy the dip' or predicting armageddon—because nuance never gets clicks.

Bottom Line

Whether this is a healthy pullback or the start of something uglier depends on that $146 hold. Break it, and suddenly those 'Solana is Ethereum's killer' takes age like milk left in a mining rig. Hold it? Then we're just watching another episode of Crypto Volatility Theatre—sponsored by overleveraged degens and CEX algo bots.

*Bonus finance jab: Traders who ignore chart patterns deserve what they get—but then again, so do those who think TA works in a market where Elon's dog tweets move needles.*

Solana Price Prediction: SOL’s Outlook is Still Bullish in the Mid-Term

This view is consistent with what’s going on in the daily chart as the price has jumped back above $140 recently.

This is a key area of support that has not been retested yet and that the market could hunt in the next few days before its next leg up to $185.

In this higher time frame, we can see that the 9-day and 21-day exponential moving averages (EMAs) seem poised to make a bullish crossover. This favors a short-term push to higher levels.

Hence, although SOL could drop below $146 at some point, a retest and bounce off $140 would confirm a bullish solana price prediction.

As a long-term investment, Solana is still quite attractive amid the rising popularity of meme coins and a rapidly expanding DeFi ecosystem.

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