Solana (SOL) Price Prediction: 50% Crash to $60 as Whales Dump Their Holdings

Solana price trades at $126 today after a 3% decline in 24 hours. This marks the altcoin's lowest level in two weeks as bearish trends prevail

Solana price is at risk of crashing 50% toward $60 if it drops out of an ascending triangle pattern and confirms a full bearish reversal. This thinking comes from trader Ali who noted that the crucial support level for this pattern is at $125.

If this altcoin drops below this support level, it could trigger a 50% crash toward $60 and push SOL toward a multi-month low.

At the same time, trader Crypto Patel observed that Solana has confirmed a downtrend after it dropped below a critical demand zone.

Patel advised traders to book partial profits on SOL and adjust their stop-loss to the break-even point to avoid recording more losses.

Solana price trades at $126 today after a 3% decline in 24 hours.

This marks the altcoin’s lowest level in two weeks as bearish trends continue to propel across the broader crypto market due to a massive selloff from traders because of fears of spiking US inflation.

This decline has caused more than $12M in total SOL liquidations, with over 90% of the liquidated positions being from long traders. This scenario has created concerns from traders, leading to a bleak Solana price prediction by trader Ali.

The Chart Shows Crucial Support Level For Solana Price

In his analysis, trader Ali noted that Solana price had formed an ascending triangle pattern. According to him, the most crucial support level for this pattern is at $125.

If this altcoin drops below this support level, it could trigger a 50% decline toward $60 and push SOL toward a multi-month low.

At the same time, trader Crypto Patel observed that Solana has confirmed a downtrend after it dropped below a critical demand zone.

Patel advised traders to book partial profits on SOL and adjust their stop-loss to the break-even point to avoid recording more losses.

Solana Price Drops As Whales Unstake SOL

The recent decline in Solana price has stirred whale selling activity. Data from Lookonchain shows that one whale address has unstaked 60,289 SOL valued at $7.67M, suggesting that these large addresses are bearish on the price and anticipate that the SOL will plunge.

Whales are also likely selling because of concerns that Solana price might soon drop below the $100 price level and reach a one-year low. However, reduced network activity might also be keeping large addresses on edge.

According to data from DeFiLlama, the DEX volumes on the Solana network recently dropped to the lowest point in six months. At press time, SOL had recorded $14B in weekly DEX volumes, which is a massive drop from the peak of $97 billion posted in January 2025 when Solana price rallied.

As the DeFi activity falls alongside the price, it will reduce the level of market confidence in Solana, which could accelerate the ongoing selling activity. This highlights bearish headwinds that will likely force Solana price to lose the psychological level of $100 and plunge towards $60.