Українська
Русский
English
Why the price of Solana may drop to $52 despite rising above $83
- Solana’s inability to return to the key SMA level poses a risk of further decline.
- At the same time, as long as Bitcoin continues to move upward, the chances of SOL holding and growing remain significant.
Over the past 24 hours, Solana has gained 1.14% to $83.49. However, the altcoin may decline again as it failed to reclaim the key SMA level, a drop below which has historically led to significant price declines.
Since February 2026, Solana has been trading in a range between $76 and $92. Over the past two weeks, the crypto asset has moved toward the lower end of this range. The price also fell below the 50-day simple moving average, which since October 2023 has consistently been followed by strong bearish pressure.
This pattern forms when Solana returns to the 50-day SMA and then quickly falls below it, losing support from previous highs. The altcoin then enters a “consolidation trap,” a period where the asset trades sideways in a narrow range before eventually breaking downward.
In recent days, Solana has been stuck in the consolidation phase during the second stage of the current cycle, fluctuating between $79 and $81 while remaining below the 50-day SMA at $86.
If this pattern continues, the ongoing sideways movement should not be interpreted as stabilization, but rather as accumulation before the next phase of decline.
See also: "Zcash is becoming one of the biggest winners in crypto this week"
