Solana don oversold well well — analysts dey warn say big drop fit happen with key support for $76
Solana (SOL) don drop sharp: about 25% for one week and about 40% for the past month, with intraday lows wey dem report near $95 and $77 for the two articles. Analysts dey warn say big downside fit happen if key supports collapse. Ali Martinez flag one monthly “super trend” sell signal and him point $76 as critical support; if e break, e fit open targets for $53, $35, $23 and — based on Martinez theoretical projection — one far deeper tail-risk wey dem see before 2022. Other analysts (Alex RT₿, Sjuul/AltCryptoGems) dey project similar downside ranges (targets near $70–$80, and for worse scenarios as low as $20). On the other hand, some traders and influencers dey see current prices as buy-the-dip chance. On-chain indicators mixed: Solana RSI don deep oversold (weekly RSI under 30 and short-term RSI under 30 for the other report), wey historically fit come before rebounds, while exchange netflows don shift to outflows (self-custody), fit reduce immediate selling pressure. Netflow and momentum changes fit limit near-term downside if dem continue, but technical support tests and bearish analyst targets show higher short-term volatility and real downside risk if $76 (and nearer-term $90–$100 levels) fail. Key trader takeaways: main keyword SOL price — critical support near $76, immediate resistance around $90–$110, RSI show short-term bounce potential, but analysts warn of much lower targets if support break; monitor exchange flows and on-chain indicators for signs of reduced selling pressure or renewed outflows.
Bearish
Di coverage show sey SOL price dey mostly bearish. Both articles talk say price don lose plenty recently and dem quote plenty analysts wey identify key support levels ($76, $90–$100) wey if dem break, e go open gate to much lower targets (from about $70 down to $20 or lower for extreme case). Wetin make matter heavy na the monthly sell signal (as dem talk) and how dem dey mention big downside targets again and again. Small things dey against this like: RSI show sey SOL don deep oversold, so short-term technical bounces fit happen; and recent money wey dem dey withdraw from exchanges to self-custody fit reduce immediate selling pressure. But make we clear: oversold condition and outflows alone no fit cancel the structural risk wey some analysts point out — dem just mean say e fit be chance for tactical buy-the-dip trades, no be clear trend reversal. For traders: expect high volatility. Short term — fit get relief rallies or quick rebounds driven by oversold momentum and less exchange supply. Medium to long term — if key supports fail, more downside targeting and stop cascades fit speed up the falls. Monitor SOL price levels at $76 and ~$90–$110, on-chain netflows, and RSI/momentum changes to time entries or manage risk.