Solana price At Risk Of 10% Crash With Descending Broadening Wedge
05 Sept 2025 · 11:00 UTC · Bitcoinist RSS Feed · Original source
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Summary
The Solana price was able to clear the resistance at $200 once again, putting it in another unique position for a potential downtrend. At the time, there are multiple formations that suggest that there is an incoming downtrend, putting the SOL price in a perilous position.
Why it matters
The prediction stems from the identification of a descending broadening wedge pattern in SOL's price action, indicating a possible trend reversal. Analyst Melikatrader's insights, coupled with resistance levels, indicate sellers may take control. Furthermore, a downtrend in SOL could adversely affect investor sentiment and trigger sell-offs, influencing Bitcoin (BTC) and altcoin movements as well.
Expected impact
The analysis suggests that Solana (SOL) is at risk of a significant price decline, potentially decreasing by around 10%. This anticipated downturn could reflect broader bearish sentiments in both the Solana market specifically and the cryptocurrency market generally, leading to increased volatility in the near term.