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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 (SOLThe ) continued its fall from May 25th amid an a Wider retreat in the crypto market.

The SOL price dropped by more than 13% to $41.60. This is its lowest point in nearly two weeks. It is notable that the pair has also broken out from what looks like “a” pattern.“Bear pennant” is an iconic technical patternThese occurrences often precede any other downside movements in a market.

Bear pennant pattern. Source: ThinkMarkets
SOL/USD Daily Price Chart with a Bear Pennant Setup TradingView
SOL/USD Weekly Price Chart TradingView