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Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why -Breaking

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Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

Solana (SOL() fell on May 26th, continuing the decline of the previous day. Wider retreat in the crypto market.

SOL prices fell more than 13%, to approximately $41.60. It was its lowest level for almost two weeks. It is notable that the pair has also broken out from what looks like “a” “Bear pennant” is a traditional technical pattern.Markets that have experienced such occurrences are often preceded by further downside moves.

Bear pennant pattern. Source: ThinkMarkets
SOL/USD daily chart with bear pennant setup TradingView
SOL/USD Weekly Price Chart TradingView