Solana (SOL) on the Brink? Crypto Analyst Predicts a 39% Drop!

Solana (SOL) might be in trouble. A top crypto analyst warns that the popular layer-1 blockchain could face a massive 39% price drop. If SOL fails to hold a key support level, things could get ugly fast.

Solana Must Hold $191—Or Else

Crypto strategist Ali Martinez issued a warning to his 122,400 followers on X. He pointed out that Solana is still within an ascending parallel channel. This pattern usually signals an uptrend. But there’s a catch.

If SOL drops below $191, Martinez predicts a steep decline to $138. That would erase months of gains and put SOL at its lowest levels since October 2024.

At the time of writing, SOL is trading at $197. The risk of a breakdown looms large.

XRP and Dogecoin Whales Are Selling Big

Solana isn’t the only token under pressure. Whales are making big moves in the market, and not in a good way.

Martinez highlighted that massive amounts of XRP and Dogecoin (DOGE) were dumped in the past 24 hours.

  • XRP: Over 130 million XRP sold by whales in a single day. The price has dropped 20% to $2.24.
  • Dogecoin: Large investors offloaded 270 million DOGE in 24 hours. DOGE is now down 22%, trading at $0.227.

The sudden sell-offs suggest that major holders are taking profits—or preparing for a market downturn.

What’s Next for Solana?

The next few days are crucial. If Solana holds above $191, it could maintain its bullish trend. But if that level breaks, a sharp correction to $138 seems likely.

Traders should watch the charts closely. SOL bulls need to defend key levels, or this could turn into a major sell-off.

Stay tuned for updates as the market reacts!

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