Solana Crashes Hard – What Went Wrong?

Krutika Adani

Massive Price Drop

  • SOL price plunged sharply, wiping out recent gains.

  • Investors faced huge liquidations amid market turmoil.

Key Reasons Behind the Crash

  • Macroeconomic factors: Fed’s stance on interest rates hit risk assets.

  • Network congestion: Solana faced transaction failures & slowdowns.

  • Market-wide sell-off: Altcoins followed BTC’s downward trend.

Bearish Signals for SOL

  • RSI below 30, indicating oversold conditions.

  • Open interest declines, signaling weaker trader participation.

  • Major resistance at $180, support at $150.

What’s Next for Solana?

  • A bounce is possible if SOL holds key support levels.

  • Whale activity & macro trends will decide the next move.

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