Solana (SOL) may very well be going through one among its most crucial technical checks in current months, with crypto dealer Jussy warning {that a} breakdown at a key stage might set off a collapse towards costs not seen since earlier bear market cycles. With the cryptocurrency buying and selling above this stage and forming two bearish patterns throughout a number of timeframes, the analyst has set two main crash targets for SOL. Nevertheless, solely one among these patterns might result in a staggering 50% decline to $30 as soon as the worth breaks.
Solana Bear Flag Sample Alerts Crash To $30
On Tuesday, February 24, Jussy took to X, warning crypto traders and merchants that Solana may very well be heading towards a dramatic worth collapse. The analyst notes that the main sensible contract token is at present at a critical support level of $76.57 on the worth chart that might outline its subsequent bearish transfer.
Associated Studying
Trying on the day by day chart, Jussy has recognized a Bear Flag formation that has been creating since early February 2026. The sample reveals worth consolidating inside a descending channel after a steep sell-off from above $112, underscoring Solana’s continued downtrend over the previous months.
Ought to the $76.57 help stage give method, the analyst tasks a measured transfer from the Bear Flag sample to $37.88, representing a possible decline of greater than 50% from present ranges. Jussy additionally mentioned in his evaluation that Solana is on a path to $30, suggesting the altcoin might fall even additional to that stage.
Notably, the analyst’s bearish forecast arrives amid Solana’s recent price struggles, as broader market volatility and shifting investor sentiment weigh closely on the sector. With the crypto bear market already in full swing, SOL has been buying and selling sideways, mirroring the weak performance across major cryptocurrencies, together with Bitcoin.
CoinMarketCap’s knowledge additionally reveals that Solana’s worth has fallen by greater than 38% for the reason that begin of the yr. Whereas it was trending downward simply final week, the altcoin has since staged a slight recovery from the $76 stage, highlighted in Jussy’s chart evaluation. As of writing, SOL is buying and selling above $86, up greater than 13% from the essential help stage. Ought to upward momentum persist, it might sign a possible deviation from the analyst’s bearish $30 forecast.
Triple High Sample Alerts Lesser Decline To $60
For his second bearish forecast, Jussy highlighted that Solana has fashioned a Triple Top pattern on its four-hour chart. This sample is characterised by three successive failed makes an attempt to push increased, with every one printing at a decrease peak than the final. The construction, seen throughout the January and February worth motion, suggests buyers have been steadily losing momentum after every restoration try.
Associated Studying
If the $76.57 help stage breaks, Jussy sees a measured transfer from the Triple High sample all the way down to $61.73 as Solana’s subsequent goal. A drop to this stage would symbolize a roughly 19% crash from the help space.
Featured picture from iStock, chart from Tradingview.com
