{"id":167818,"date":"2026-05-19T18:06:15","date_gmt":"2026-05-19T18:06:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=167818"},"modified":"2026-05-19T18:06:15","modified_gmt":"2026-05-19T18:06:15","slug":"solana-sol-in-danger-heres-why-the-price-could-plunge-by-double-digits","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=167818","title":{"rendered":"Solana (SOL) in Danger: Here\u2019s Why the Price Could Plunge by Double Digits"},"content":{"rendered":"

The crypto market experienced another correction in recent days, with only a handful of leading digital assets managing to escape the broader sell-off.<\/p>\n

Solana (SOL) was not among the few exceptions, with its price tumbling by double digits over the past week. Moreover, some analysts think it could fall further in the short term.<\/p>\n

What\u2019s Next?<\/h2>\n

Earlier this month, the renowned analyst Ali Martinez observed SOL\u2019s performance and estimated that its price has been moving within a well-defined channel since February. He identified<\/a> $98 as the upper boundary of that structure, while $78 was described as the lower one. Later on, he predicted a possible pump if SOL makes a successful breakout above the ceiling and set $88 as \u201cthe pivot point.\u201d<\/p>\n

However, the asset\u2019s valuation could not surpass the desired mark and currently trades at around $84.50, representing a substantial 12% weekly decline.\u00a0In one of his recent X posts, Martinez noted<\/a> that SOL failed to reach its bullish target, suggesting it could now head south toward the channel bottom near $78.<\/p>\n

Another popular market observer who made a pessimistic forecast is Ted. He claimed<\/a> that SOL\u2019s RSI uptrend has been lost, meaning that the price needs to hold above the $82-$84 level.<\/p>\n

\u201cA daily close below won\u2019t be good for Solana,\u201d he added.<\/p>\n

Adding to the bearish momentum, recent filings revealed<\/a> that Goldman Sachs fully exited its SOL ETF exposure during Q1 2026. Such a move from a financial giant often signals caution and can weigh on market confidence.<\/p>\n

On the other hand, inflows into spot SOL ETFs have continued to surpass outflows in recent days, suggesting growing institutional interest. Notably, the last red day was April 30.<\/p>\n

<\/a>Spot SOL ETFs, Source: SoSoValue<\/p>\n

\u2018Zoom Out\u2019<\/h2>\n

Of course, some analysts remain unfazed by the latest pullback and expect SOL\u2019s price to head north in the near future. X user Trader Koala said<\/a> people should \u201czoom out,\u201d setting $135 as \u201cthe eventual destination.\u201d<\/p>\n

SatoshiOwl is also among the optimists. They claimed<\/a> that many expect \u201cmore panic on alts, more fear everywhere.\u201d However, the analyst believes this could be the perfect moment for the market to pivot, with \u201ca monster reversal candle out of nowhere.\u201d<\/p>\n

\u201cI\u2019m long on SOL here,\u201d they concluded.<\/p>\n

The post Solana (SOL) in Danger: Here\u2019s Why the Price Could Plunge by Double Digits<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The crypto market experienced another correction in recent days, with only a handful of leading digital assets managing to escape the broader sell-off. Solana (SOL) was not among the few exceptions, with its price tumbling by double digits over the past week. Moreover, some analysts think it could fall further in the short term. What\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-167818","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167818"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=167818"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/167818\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=167818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=167818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=167818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}