- Solana could drop to $95 in the short term due to resistance at key technical levels and a bearish C-leg pattern.
- However, analysts expect a strong rebound afterward, potentially pushing the price above $200.
A recent price analysis warns that solana may be on the brink of a sharp decline before any chance of a rally. After reaching nearly $300 in January 2025, solana’s price has struggled to maintain its strength and now sits more than 45% below that peak. With bearish signals mounting, one analyst sees a potential 40% drop before the bulls can regain control.
Why Solana Could Drop to $95
Crypto analyst The Alchemist Trader points to a rare bullish harmonic pattern forming on solana’s chart. While this pattern is typically positive over the long term, it often includes a liquidity sweep—a brief but sharp downward move that clears out weak positions.
In solana’s case, this sweep targets the $95 level, representing a 40% plunge from its current price above $150. The analysis highlights three key technical challenges:
- Point of Control (POC): solana is testing this level with weak upward pressure, signaling hesitation among buyers.
- Resistance Zones: The Value Area High and the 0.618 Fibonacci level at $163 present strong resistance.
- Wave Pattern: The C-leg of the bullish harmonic structure could take solana as low as $95 if resistance holds.
If solana fails to break above these key resistance points with strong volume, a rejection could set off the predicted correction.
Bullish Outlook Remains After Pullback
Despite the ominous short-term outlook, the analyst emphasizes that this drop may be a setup for a massive rally. Once the C-leg completes and solana hits the $95 floor, the bullish D-leg could launch the price back toward $200 and beyond.
In this scenario, the downward move doesn’t invalidate solana’s broader uptrend. Instead, it serves as a necessary phase in the larger harmonic pattern. Until this pattern either confirms or breaks, solana remains range-bound, and traders should watch closely for either a rejection or a breakout at the $163 resistance level.
solana’s price could face a steep correction before its next bull run. While the short-term forecast points to a potential crash to $95, the long-term picture remains optimistic, with a strong chance of recovery and a push past $200 if technical conditions align.
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