Crypto markets have come under renewed selling pressure over the past few sessions, with Bitcoin leading the downside. As the broader market reacts to BTC’s pullback, major altcoins such as Ethereum and XRP have shown relative stability. However, Solana is beginning to lag.
The SOL price is closely tracking Bitcoin’s momentum and is now testing a critical support zone. The token previously staged a rebound during the last wave of selling, but another breakdown attempt could expose deeper downside levels. Traders are watching whether buyers defend this range or allow a broader correction to unfold.
Is Solana (SOL) Price Heading to $50?
Solana is under fresh pressure as the price decisively loses a long-held support zone and slips below the 200-day EMA, signaling a clear shift in market structure. After failing to sustain multiple recovery attempts above the $120–$130 region, sellers have regained control, pushing SOL into a breakdown phase that traders can’t ignore. The rejection from lower highs suggests this isn’t just a pullback—but a trend reset.
Looking at the chart shared by a popular analyst, Altcoin Sherpa, SOL has broken below the key $95–$100 support area, which previously acted as a demand zone during earlier consolidations. This level has now flipped into resistance, increasing downside risk. The next major support sits near the $77–$80 range, followed by a broader demand pocket around $50–$55—a zone that aligns with prior accumulation and historical base formation. Volume expansion on the breakdown adds weight to the bearish case, while the lack of strong bullish wicks suggests dip buyers are still hesitant.
For traders, the structure remains bearish as long as the SOL price stays below $100. A reclaim above that level could delay further downside, but failure to do so keeps the $50 region firmly in play over the coming weeks, especially if broader market weakness persists.
Conclusion: Bullish vs Bearish Scenarios for SOL Price
In the short term, Solana remains at a critical turning point. The bearish scenario stays in control as long as SOL trades below the $95–$100 zone. Failure to reclaim this range could invite continued selling pressure, opening the door toward the $77–$80 support first and potentially a deeper move into the $50–$55 demand zone if market sentiment weakens further.
On the bullish side, SOL needs a strong reclaim and daily close back above $100, followed by acceptance above the 200-day EMA near $120. That would signal demand returning and could trigger a relief bounce toward $115–$130 in the short term. Until that happens, rallies are likely to face selling pressure, and traders may continue to favor a cautious, sell-the-rally approach.
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