Crypto analyst Madwhale suggests that Solana Price can be witnessed more Downward pressure In the next few days. Specifically, analysts had predicted there was a risk that Sol would fall to $125 as it retests its key support levels.

Solana risks dropping to $125 on support retest

in TradingView PostMadwhale predicted that Solana’s price would fall to $125 in a retest at a price level of $164. Key Support Levels On the horizon. Analysts noted that this is a critical level of support that has previously been proven to be strong. However, he warned that this may not be the case this time.

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Madwhale said there are indications that Solana Price could quickly violate this daily support, causing a drop of around 25%. If this price crash occurs, analysts said the price target to watch is $125. Major monthly support zones. He added that the sector has historically been a key defense against further declines and is a key point in current market analysis.

The chart accompanying analysts has shown that if they fall below the $125 support level, Solana prices could drop to $80. It’s worth mentioning that Crypto analyst Pizzadriver recently warned that Sol could witness crashes like in 2022.

Solana Price has already witnessed a serious crash, down more than 11% over the past seven days. On-chain analytics platform Santiment recently pointed out that Solana’s Market Sentiment It’s been soaked to the lowest since Biggritrose on January 20th. Traders expressed their dissatisfaction as Sol fell to a three-month low price of $161.

However, the platform provided optimism about Solana’s price. Santiment noted that the discussion rate is very high and crowd sentiment is bearish, but this is a signal with historically high bounce odds.

Rebound is also on the card

Meanwhile, Madwhale and Pizzadriver predict that Solana Price There could be more crashes, and some other analysts predict that Sol can rebound from current levels. In a post on X, Crypto analyst B said Sol is slowly recovering after a decline to $160 yesterday. He added that the code has completely bounced back from its daily support level.

In line with this, B warned that if Solana Price doesn’t exceed it, it could drop again, but said B hopes for a healthy rebound to $185. On the other hand, if Solana manages to push higher, the analyst Psychological $200 level It could come soon.

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At the time of writing, Solana’s prices are trading at around $172, up over 3% over the past 24 hours. data From CoinMarketCap.

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