Solana Faces Bearish Pressure as Death Cross Looms, Price Drops Toward $110

Solana (SOL) is under intense selling pressure as it approaches a potential death cross, a bearish technical signal where the 50-day moving average crosses below the 200-day moving average. This formation often signals an extended downtrend, triggering increased market caution.

The latest price action shows Solana losing its critical $150 support, a level that previously provided strong buying interest. Following this breakdown, SOL has declined to around $124, reflecting sustained bearish sentiment. If the death cross materializes, a further drop to $110 or even a $100 retest remains possible, especially if selling pressure intensifies.

The downward-sloping short-term moving averages indicate a continuing bearish trend, while the 200-day MA flattening out suggests weakening market sentiment. If bulls fail to reclaim the $150 level, SOL could remain in a prolonged downtrend. However, a relief rally remains possible if buyers step in at current levels and push the price back above key resistance.

Traders and investors should closely monitor Solana’s price movement as the market braces for increased volatility. Breaking back above $150 could shift momentum, while failure to do so may lead to deeper losses in the short term.