Solana’s Bearish Turn: Geopolitical Tensions and Technical Indicators Signal Potential Drop to $114

Solana (SOL) is currently facing significant downside pressure as geopolitical tensions and technical patterns suggest a potential 20% decline. Despite a majority of traders remaining bullish, the cryptocurrency has already dropped 4.10% in the last 24 hours, with exchange outflows indicating shifting capital flows. This article delves into the factors contributing to SOL's current market position and what traders can expect in the near term.

Solana Faces Downside Risk Amid Geopolitical Tensions

Solana's SOL has faltered at the $135 mark, with technical indicators suggesting potential for a 20% decline. Despite 71.03% of traders maintaining bullish sentiment, the asset has shed 4.10% in 24 hours as Middle East tensions roil crypto markets.

Exchange outflows totaling $73 million in SOL over 48 hours reveal shifting capital flows. The breakdown of a head-and-shoulders pattern on daily charts points toward $114 as the next likely support level, should bearish momentum persist.

Trading volume has contracted by 10% as participation wanes, compounding the technical damage. The asset's inability to hold $141 support now leaves it vulnerable to broader market sentiment shifts.

Can Solana (SOL) Hold Above $130 Before Q2 Ends?

Solana's price faces mounting pressure as the second quarter of 2025 nears its close, with the cryptocurrency struggling to maintain its footing above the critical $130 support level. A sustained selloff has pushed SOL into bearish territory, raising concerns among traders and investors alike.

Key indicators paint a grim picture for SOL's near-term prospects. The Chaikin Money FLOW (CMF), a measure of buying and selling pressure, has plunged deeper into negative territory, currently sitting at -0.13. This suggests capital is flowing out of the asset at an accelerating pace. Meanwhile, the Elder-Ray Index's reading of -20.74 confirms bears have taken firm control of the market.

The combination of weakening demand and dominant selling pressure creates significant headwinds for SOL as it approaches the quarter's end. Market participants are closely watching whether the $130 level can hold against this onslaught of negative momentum.

Solana (SOL) Drops 8% Amid Geopolitical Turmoil and Technical Weakness

Solana's SOL token tumbled 8.33% to $128.82 as escalating Middle East tensions triggered a broad crypto selloff. The drop followed U.S. military strikes on Iranian nuclear facilities, sparking fears of prolonged risk aversion across digital asset markets.

Technical indicators turned decisively bearish as SOL breached its 200-day moving average NEAR $149.54. The token carved a clear descending channel with failed rebound attempts at $130, while resistance solidified near $133.80. Trading volumes surged during each rejection, underscoring persistent selling pressure.

Market participants now watch the $120-$125 support zone after intraday lows touched $126.85. The geopolitical shock comes at a delicate technical moment for SOL, with Bitcoin's typical safe-haven status in such environments leaving altcoins particularly vulnerable.

Solaxy Presale Nears Conclusion with $58M Raised as Solana's First Layer-2 Solution

The Solaxy presale enters its final five hours, marking the last opportunity for investors to participate before the project's public launch. Having amassed nearly $58 million, the presale stands among 2025's most successful offerings. Priced at $0.001766 per token, Solaxy positions itself as a compelling investment with anticipated post-launch performance.

Solaxy ($SOLX) emerges as Solana's inaugural Layer-2 solution, addressing the network's chronic congestion issues that plague transaction speeds and drive up costs. Through off-chain execution and parallel processing, the protocol promises latency reduction and instant finality—key upgrades for Solana's scalability. Development milestones include the recent June 10 implementation of Hyperlane Bridge, enhancing cross-chain transfers.

The project's three-phase roadmap begins with foundational steps: presale completion, staking rewards deployment, and ecosystem initialization. This strategic rollout aims to cement Solaxy as infrastructure rather than speculative asset—a distinction critical for long-term adoption in the competitive Layer-2 arena.