Recently, Solana (SOL) has retraced nearly 40% over the past month, resulting in the loss of critical support levels that were once viewed as strong. As it now retests a significant horizontal support level, analysts are warning of a potential 50% price drop to reach a yearly low.

This situation drives traders to analyze market movements carefully, as they assess whether this resistance will hold or if Solana will experience deeper declines. Staying informed can create opportunities amidst the uncertainty.