Crypto Trader Predicts Potential Solana Price Drop to $30

Solana (SOL) is currently undergoing a crucial technical analysis, as warned by crypto trader Jussy. He believes that if the price breaks below a specific level, it could lead to a significant drop reminiscent of previous bear market cycles. As the cryptocurrency hovers above this key level and exhibits two bearish patterns on various timeframes, the trader has specified two significant potential price targets for SOL. Notably, one of these patterns could result in a dramatic 50% decrease to $30 if the price falls through.

Key Takeaways

A breakdown below $76.57 could lead Solana (SOL) to a potential price drop of 50% to $30, according to crypto trader Jussy.
Jussy has identified a Bear Flag pattern indicating a downward trend, having emerged since early February.
Although SOL has shown a near-term recovery, it remains vulnerable amid ongoing market volatility.
A Triple Top pattern on the four-hour chart suggests a lesser decline to $60 if the support level is breached.

Solana

Solana's Bear Flag Pattern Indicates Price Drop to $30

On Tuesday, February 24, Jussy alerted crypto investors via X (formerly Twitter) about the possible sharp decline in Solana's price. He highlighted that the smart contract platform's price is at a pivotal support level of $76.57, which could significantly influence its next downward movement.

Examining the daily chart, Jussy identified a Bear Flag formation, which has been unfolding since early February 2026. This pattern illustrates price consolidation within a descending channel following a significant sell-off from above $112, emphasizing Solana's ongoing downtrend in recent months.

If the support level of $76.57 is breached, Jussy predicts that the measured move from the Bear Flag pattern could take Solana down to $37.88, indicating a potential decline exceeding 50% from its current value. Furthermore, the analyst indicated that Solana might trend towards $30, suggesting the altcoin could decrease further.

Solana
Source: Chart from Jussy on X
Interestingly, Jussy's pessimistic forecast comes at a time when Solana has been struggling with its price. Broader market fluctuations and altered investor sentiments are creating significant pressure on the cryptocurrency sector. With the crypto bear market already active, SOL has been trading sideways, reflecting the overall weak performance of major cryptocurrencies, including Bitcoin.

Data from CoinMarketCap reveals that Solana's price has dropped by more than 38% since the year's outset. Although it was experiencing a downward trend just last week, the altcoin has recently shown a slight recovery from the $76 area, as indicated in Jussy's chart analysis. Currently, SOL is trading above $86, reflecting a more than 13% increase from the critical support level. If this upward trend continues, it might deviate from Jussy's bearish forecast of reaching $30.

Triple Top Pattern Suggests Moderate Drop to $60

In his second bearish prediction, Jussy pointed out that Solana has developed a Triple Top pattern on its four-hour chart. This formation is marked by three consecutive unsuccessful attempts to rise, each producing a lower peak than its predecessor. The pattern, observable in the price actions of January and February, indicates a steady loss of buyer momentum following each recovery effort.

Should the $76.57 support level fail, Jussy anticipates that Solana could reach a target of $61.73 based on the measured move from the Triple Top pattern. Dropping to this level would represent approximately a 19% decline from the established support.

Solana
SOL trading at $87 on the 1D chart | Source: SOLUSDT on Tradingview.com