Solana Price Struggles Below $100, But This Level Changes Everything

bitcoinistPublished on 2026-06-04Last updated on 2026-06-04

Abstract

Solana (SOL) has broken below a critical historical support level, which previously triggered its 2022-2023 bull run. With SOL struggling below $100, analyst Crypto Tice outlines two potential scenarios. If SOL reclaims the lost level, it could reignite bullish momentum toward $250. However, if the breakdown is sustained, the price risks falling to new lows. Another analyst, Crypto Patel, notes SOL has printed eight consecutive red monthly candles, a first in its history. He suggests a potential sharp rebound to the $500-$1,000 range could follow after a potential ninth red candle forms a bottom. SOL is currently trading near $75.

A crypto analyst has announced that the Solana price has just broken below a critical support level that had previously triggered an explosive bull run in the last market cycle. With SOL currently struggling below $100 and facing persistent bearish pressure, the analyst has outlined two possible scenarios that could determine the cryptocurrency’s next moves.

Analyst Predicts Two Possible Scenarios For The Solana Price

In a recent X post, market expert Crypto Tice said that the Solana price now has only two possible paths after slipping below a key support level that drove its 2022-2023 bull rally. At the time, SOL’s price had held onto the level before exploding to new all-time highs.

The analyst noted that the same pattern appeared to be forming again almost perfectly during this cycle. However, instead of holding the key level as it did in the past cycle, SOL deviated from the historic chart pattern by slipping below it. Against this backdrop, Crypto Tice has projected Solana’s next moves.

According to the analyst, if Solana manages to reclaim the broken historic level, it could reignite its bullish momentum and drive its price toward $250. Such a move would signal that buyers are stepping back in to regain control and that the market has resumed following the historic path seen during the 2022-2023 cycle. Based on Solana’s current price near $75, a rally to $250 would represent a gain of more than 233%, offering significant upside if the bullish scenario plays out as expected.

Source: Chart from Crypto Tice on X

On the flip side, Crypto Tice warns that if the recent breakdown is accepted and Solana fails to reclaim the support level, the cryptocurrency’s price could crash to new lows. In this case, bulls could be trapped for an extended period as a larger correction potentially unfolds. With SOL’s price already down 10% this past week and over 5% in the past 24 hours, a continued decline could intensify selling pressure and deepen its weakness.

At the same time, Crypto Tice has warned that the next candle will be critical in deciding SOL’s short-term direction. He said he is now closely watching price action for any signs of recovery or further weakness.

SOL Continues Heavy Bearish Streak

Despite many analysts keeping a positive outlook on Solana, the cryptocurrency remains in a strong bearish trend. Market analyst Crypto Patel noted that Solana has just printed eight consecutive red monthly candles, indicating a prolonged slump.

He called this move historical, noting it’s the first time Solana has faced such a long bearish streak since its launch. During the 2021 cycle, SOL had around nine red monthly candles, but they were not consecutive. Patel added that after the previous bearish phase ended and the price hit a bottom, Solana surged quickly to near its all-time high of $295.

Based on this pattern, Crypto Patel suggested that if history repeats, Solana could see a sharp rebound after the ninth red candle, potentially climbing to the $500 – $1,000 range once it prints a ninth red candle and it hits a bottom.

SOL trading at $75 on the 1D chart | Source: SOLUSDT on Tradingview.com

Related Questions

QAccording to analyst Crypto Tice, what are the two possible scenarios for Solana's price after breaking below a key support level?

AThe two scenarios are: 1) If Solana reclaims the broken historic support level, it could reignite bullish momentum and potentially rally towards $250. 2) If the breakdown is accepted and Solana fails to reclaim the support level, the price could crash to new lows, trapping bulls in a larger correction.

QWhat is significant about Solana's current price action according to Crypto Patel's analysis?

ACrypto Patel noted that Solana has printed eight consecutive red monthly candles, which is a historical bearish streak it hasn't seen since its launch. This indicates a prolonged slump.

QWhat potential price target does analyst Crypto Patel suggest if Solana's historical pattern repeats after its current bearish streak?

ABased on the pattern observed after a similar bearish phase in 2021, Crypto Patel suggests that after printing a potential ninth red candle and hitting a bottom, Solana could see a sharp rebound potentially into the $500 – $1,000 range.

QWhat is the price of Solana (SOL) mentioned in the article as its current struggling point?

AThe article states that Solana is struggling below $100, and its current price is specifically mentioned to be near $75.

QAccording to Crypto Tice, why is the next candle critical for Solana's price action?

ACrypto Tice states that the next candle will be critical in deciding SOL's short-term direction, as he is closely watching for any signs of recovery or further weakness.

Related Reads

After Three Consecutive Quarters of Decline, Can the Crypto Market Find a Window for Stabilization in Q3?

The cryptocurrency market has just concluded its worst-performing quarter since 2022, with total capitalization dropping 12.6% to $2.1 trillion. All core metrics indicate capital is leaving the sector, not just rotating within it. Bitcoin fell 14.2% and Ethereum dropped 25.4% in Q2, breaking their previous correlation with US tech stocks. A key driver is the reversal in US spot Bitcoin ETF flows, which saw a net outflow of approximately $4.67 billion in Q2, including a record monthly outflow near $4.5 billion in June. While recent data suggests long-term holders are accumulating again, sustained ETF outflows mean continued selling pressure. Market focus is now singularly on the Federal Reserve. The upcoming July FOMC meeting is seen as the most critical event for Q3. A dovish signal could support Bitcoin reclaiming a $68,000-$84,000 range, while a hawkish stance might establish a new trading band around $50,000-$56,000. Additionally, regulatory uncertainty persists, with the progress of the crucial *CLARITY Act* stalling in the Senate, reducing its perceived 2026 passage probability to 40-45%. Despite the broad downturn, a few sectors showed growth. Prediction markets saw nominal volume surge 48.7% year-over-year to $113.8 billion, and tokenized collectibles transaction volume rose 143% quarterly to $1.4 billion. The Real-World Asset (RWA) tokenization sector also continued steady growth, now representing ~$28.1 billion in on-chain value. The market's foundation for an extreme crash appears limited, with Bitcoin price hovering near its 200-week moving average. However, the trading paradigm has shifted from narrative-driven speculation to decisions based on price action, policy developments, and interest rate expectations, making a broad sentiment-driven rally unlikely in the near term.

marsbit10h ago

After Three Consecutive Quarters of Decline, Can the Crypto Market Find a Window for Stabilization in Q3?

marsbit10h ago

BIT Trading Moment: BTC Still Suppressed by Weekly 200 EMA, Rejection May Restart Decline; Storage and Semiconductors that Surged Last Night Begin Falling in Evening Trading

**Crypto & Stock Market Wrap: Bitcoin Tests Resistance, Stocks Retreat After AI Surge** Bitcoin consolidates around $66,000, facing key resistance near $68,000—an area seen as a major psychological and technical hurdle where previous rallies have failed. Analysts note the cryptocurrency is caught between its 200-week moving average (~$63,333) and 200-week EMA (~$68,328). A clear break above $68k is needed to signal a stronger bullish trend, while a rejection could lead to a retest of $63k support. Market sentiment remains cautious, with low futures open interest pointing to a low-liquidity rebound rather than a full bull market. Bitcoin spot ETFs saw another $203 million inflow. US stock futures pointed lower after a strong Tuesday session led by a massive rebound in semiconductors and memory stocks. The rally was fueled by renewed optimism about AI-driven hardware demand, with Micron, SanDisk, and SK Hynix surging. However, those gains reversed in pre-market trading. Super Micro Computer (SMCI) soared over 20% after hours on strong guidance and a record backlog. Other standouts included Rocket Lab and nuclear energy plays Oklo and X-Energy. Rising oil prices (Brent above $91) and climbing Treasury yields (10-year near 4.64%), however, are reigniting inflation concerns and acting as a headwind for equities. In Asia, markets were mixed. South Korea's KOSPI pared early gains to close slightly higher as semiconductor stocks like SK Hynix gave back initial surges. Japan's Nikkei edged lower as the yen hit a fresh 38-year low against the dollar, raising fears of potential market intervention. Key events to watch include the Samsung Galaxy launch, AMD's AI event, and a slew of major tech earnings from Alphabet, Tesla, and IBM after the close on Wednesday, followed by the ECB meeting and Intel's earnings on Thursday.

marsbit10h ago

BIT Trading Moment: BTC Still Suppressed by Weekly 200 EMA, Rejection May Restart Decline; Storage and Semiconductors that Surged Last Night Begin Falling in Evening Trading

marsbit10h ago

Former CFTC Chairman, Circle President Tarbert: Preaching Long-Termism While Cashing Out $30 Million Himself

Former CFTC Chairman and Circle President Heath Tarbert has consistently advocated for a long-term vision in public, urging patience from investors as Circle’s stock price has fallen significantly from its peak. However, it has been revealed that since Circle’s IPO, Tarbert has continuously sold his CRCL shares through pre-arranged trading plans, cashing out approximately $30 million, without making any public market purchases. This contrast between his public messaging and personal actions has drawn criticism. Tarbert joined Circle in July 2023 as Chief Legal Officer, leveraging his regulatory experience to help guide the company through its IPO and expansion. Despite promoting stablecoins as long-term infrastructure, he established a 10b5-1 trading plan just before Circle went public, leading to substantial stock sales over the following year. In March 2026, he initiated another plan to sell more shares. His career trajectory highlights a pattern of moving between high-level regulatory roles and influential positions in the financial sector. After resigning as CFTC Chairman in early 2021, he joined Citadel Securities as Chief Legal Officer just 27 days later, during a period of intense regulatory scrutiny for the firm. He later joined Circle, aiding its efforts to navigate regulatory challenges for its public listing. While Tarbert's expertise in policy and compliance is valuable to companies like Circle, his actions—advocating long-term confidence while personally divesting—raise questions about the alignment between his public statements and his private financial decisions, leaving investors who followed his advice to bear the market risks.

marsbit11h ago

Former CFTC Chairman, Circle President Tarbert: Preaching Long-Termism While Cashing Out $30 Million Himself

marsbit11h ago

Gate Research Institute: The 'Wall Street-ization' Wave of Crypto Financial Products – Competition or Integration?

The article titled "Gate Research Institute: Are Crypto Financial Products Sparking a 'Wall Street' Wave—Competition or Convergence?" explores the evolving relationship between the crypto ecosystem and traditional finance (TradFi). The piece begins by reflecting on Bitcoin's original 2009 vision of decentralization, disintermediation, and moving away from banks. It then contrasts this with the 2024 landscape, where key crypto assets like Bitcoin are increasingly held through Wall Street products like ETFs issued by giants like BlackRock. The article questions whether this signifies that TradFi is systematically taking over the rights to issue, price, custody, and distribute crypto financial assets. The core argument is that this is not a zero-sum takeover but rather a bidirectional convergence where each side addresses the other's weaknesses. Crypto offers 24/7 global markets, programmable settlement, and open access but lacks compliant channels, institutional-grade custody, deep fiat liquidity, and mainstream distribution. TradFi possesses these but is constrained by legacy systems, limited operating hours, and slow settlement. Two primary convergence paths are highlighted: * **Path A (CEX to TradFi):** Exemplified by Gate, which has progressed from offering tokenized stocks and CFDs to providing direct, real stock trading (US, Hong Kong, South Korea) within its platform, using USDT. * **Path B (TradFi to Crypto):** Exemplified by Robinhood, which has integrated crypto trading, acquired exchanges like Bitstamp, and is moving traditional assets like stocks onto the blockchain via tokenization and its own Layer 2. Both paths are ultimately competing to become the next-generation, unified financial account—a "super account" where users can seamlessly trade cryptocurrencies, stocks, ETFs, RWA (Real World Assets), and tokenized treasury products in one interface. The growth of RWA and tokenized treasuries (e.g., BlackRock's BUIDL) is presented as the asset-layer fusion, providing stable, yield-bearing assets on-chain and acting as a bridge between the two worlds. In conclusion, the "Wall Street-ization" of crypto is framed as a mutual transformation. Decentralized ideals persist in the protocol layer, while at the application layer, a more efficient, global, and accessible unified capital market is emerging from this convergence. The future competition lies not between crypto exchanges and stockbrokers, but between platforms vying to offer the most comprehensive asset coverage, liquidity, and user experience within a single account.

marsbit11h ago

Gate Research Institute: The 'Wall Street-ization' Wave of Crypto Financial Products – Competition or Integration?

marsbit11h ago

Trading

Spot
活动图片