Solana price is slowly forming a risky pattern, signaling the fall to $ 100

Solana Price listed this week after his recent recovery hit a strong resilience level to $ 146.9.

Solana (Salt), sixth – the biggest player in the crypto industry, traded on Thursday $ 140, and over 50% of its highest point this year.

The recent rally ended after Donald Trump surprised markets by announcing the movement of tariffs that target the automotive sector. These tariffs have launched concern among market participants due to their scope and potential economic influence.

Some analysts warn that his upcoming Release tariffs will lead to the recession in the US. This explains why bitcoin (Btc), AltCOins and the Stock Exchange fell on Thursday.

Solana faced liquid winds in the last months such as concern about its wider retention of ecosystems. Many of the Solana-based meme collapsed, largely due to the output of the insider, leaving retail investors who hold the bag.

This meme forging collapse negatively affected the ecosystem of decentralized solane exchange (DEK) and its network fees. According to Defi Llama, Decex Dex Platforms are processed Over $ 8.7 billion In the past seven days, much lower than Etherum and BSC chain.

There are signs on the positive side that some Meme coins crawl back. Bonk jumped by 20% in the last seven days, while FartCoin, Popcat, a cat in the world of dogs, Gigachad, and Meme book rose by over 10% in the same period.

Technical analysis of the prices of Solana

The day card shows Sol remains in danger of deeper bear. The token is 25. February formed a death sample, when the 50-day average movement of average, a widely glad bear signal.

Recently, Sol formed a bear pattern, consisting of a steep vertical decline, followed by a consolidation phase. It formed the flag department in the last two weeks.

If Solana breaks below key support to $ 120, the level tested several times since April last year, the next goal can be $ 100, which would mark 30% drop in current prices.

This bear scenario would be undone if the token climates above the level of resilience to $ 170, the lowest spot of the swing from 25. January.