$SOL
💔 $SOL Analysis - Solana Crashes Below $100 for First Time Since 2024
REALITY CHECK:
Solana has COLLAPSED to $76-$87, down over 35% year-to-date. This is one of the worst performances in the top 10.
The #MarketRally that everyone was hoping for? It's DEAD. Instead, we're seeing a #RiskAssetsMarketShock that's destroying altcoins, and Solana is leading the carnage.
Current Situation:
Price: $76-$87 (lost the critical $100 support)
Down 60%+ from January 2025 highs near $295
Trading at levels not seen since December 2023
Market sentiment: EXTREME FEAR
What Went Wrong:
SOL broke below $100 on Feb 4 - a MAJOR psychological level
"Death Cross" formed (50-day MA crossed below 200-day MA)
RSI in oversold territory BUT no bounce yet
Unstaking SURGED 150% - more supply hitting the market
Exchange buying down 26%
Key Levels:
Support: $75-$70 (current battle zone)
Breakdown target: $65-$67 if selling accelerates
Resistance: $95-$100 (former support, now HEAVY resistance)
Recovery needs: Reclaim $105-$117
The Memecoin Narrative Is DEAD:
The 2025 Solana memecoin frenzy that drove prices up? It's providing ZERO support now. Network activity is down, and institutional money is FLEEING to safer assets.
Analyst Warning:
"As Bitcoin continues its slide toward $70,000, Solana is in full capitulation mode" - Multiple analysts now see $65-$70 as realistic targets.
This is a BEAR MARKET. Trade accordingly.