Terrible Solana Drop if This Support Breaks
Point 1:
Solana is trying to stay above $100, but if it fails, significant drops could happen.
Point 2:
In the past, breaking the 100-week moving average caused an 86% drop.
If this repeats, Solana could reach $20.
Point 3:
A bearish head and shoulders pattern targets $52.
Point 4:
A bearish diamond pattern could push the price down to $17.65.
Point 5:
The yellow base on the logarithmic chart shows that previous cycles treated this level as a major price floor, currently around $36.
If a break like before occurs, it would likely just be a shadow and the price could bounce back quickly.
I hope you don’t make trades solely based on this analysis—this is just my personal view.
Wishing you the best and success.