Major cryptocurrency Solana (SOL) can drop to as low as $50 if a prominent trendline fails, one popular analyst argues. The 6th-largest cryptocurrency by market capitalization has been on a recovery mission since the start of 2026, with double-digit gains, but it is still under pressure as the New Year’s momentum could be fading.
SOL is currently trading at approximately $138, down 2% on a daily basis, with a daily volume of $1.9B. The market sentiment is currently upbeat, as SOL has held on to the New Year price recovery so far, but it is under pressure to continue.
Ali Charts, a popular crypto analyst with over 164,000 followers, believes the bulls need to keep SOL above a clear trendline to avoid a major price dump. He tweeted:
Image Source: XThe trendline dates back to early 2023 and shows that, even amid major hiccups, the programmable digital currency has bounced off it. Ali has predicted that the trendline needs to hold; otherwise, the bears will have a field day and eventually form a bottom at around $50, registering a morale-shattering 62% price drop in the process.
Solana’s Outlook
The cryptocurrency’s 14-day RSI is hovering just above 40, indicating the market is currently in a neutral or cool zone and not showing a strong inclination towards either side at the moment. The bulls will look at the current setup and see a buying opportunity, while the bears will take heart that the price recovery has stalled for now. The situation is delicately poised and could sway in either direction, provided the conditions present themselves.
One X user replied to Ali’s post:
“That level really matters.
If that trendline snaps with volume, downside can accelerate fast — $50 becomes a realistic magnet.
Until then, it’s still support, but this is where risk management matters most.
Let the level decide, not conviction.”
Another quipped:
“SOL’s trendline is crucial; a break could trigger a significant drop to $50, huge risk for holders.”
Ali rounded off with this bearish prediction by sharing a GIF of the US Federal Reserve printing money. Ali’s prediction, while understandable, shows the possibility of a major price dump, but it also shows that there is potential for a major upside price action, too. The analyst is being extremely cautious regarding the future after 2025’s major hiccups.
Source: https://zycrypto.com/solana-could-crash-to-50-if-this-trendline-fails/
