Analyst Warns of Solana Breakdown After Bitcoin Crash Call

DonAlt, the crypto market expert who gained recognition for forecasting Bitcoin’s dramatic collapse to $20,000 in 2021, has turned his analytical focus to Solana with concerning findings. His technical analysis identifies a major resistance zone between $190 and $215 that he describes as critical for SOL’s near-term prospects. According to the analyst, this red resistance zone represents the key level that Solana must reclaim to prevent a deeper correction from taking hold.

The chart analysis reveals several failed attempts by Solana to close above this critical resistance box, indicating that sellers continue to dominate the trend despite recent accumulation activity. DonAlt has maintained a bearish stance on Solana for some time, and the recent rejection from this key resistance area has only reinforced his negative outlook. The upper range line around $250 has acted as an unyielding ceiling for months, creating what the analyst considers structurally weak market conditions as long as Solana trades significantly below this level.

Current price action shows Solana slipping toward mid-range levels, with the weekly timeframe exhibiting early signs of a bearish breakdown. DonAlt previously emphasized that Solana’s price action remains what he described as ‘awful’ unless buyers intervene to rescue the weekly close within a specific timeframe. The analyst’s assessment indicates that failure to reclaim the critical resistance zone could trigger a decline toward range support at $126.

At current trading levels around $141, a drop to $126 would represent a more than 10% decline in value. The bearish pressure is visibly evident on chart candles, which continue to weaken each time Solana approaches the red resistance zone. This trend reflects diminishing strength and a steady decline in momentum, further exacerbated by the broader cryptocurrency downtrend and rising market volatility.

DonAlt’s high-time frame (HTF) analysis presents what he considers one of the most bearish setups he has observed in recent months. The HTF chart shows a clean rejection from the upper boundary near $208, underscoring the weakness developing in higher timeframes. This technical pattern suggests that the current market structure may be more fragile than many traders recognize.

What makes the current Solana situation particularly concerning, according to DonAlt, is the unusual market complacency surrounding these technical warnings. While many traders assume that bearish setups fail when they become too obvious, the analyst suggests the opposite dynamic is occurring with Solana. He points out that almost no market participants are panicking or even discussing the potential risks, creating what he views as an abnormal silence that may be masking real vulnerability.

This lack of concern among traders and investors stands in stark contrast to the clear technical weakness displayed in Solana’s price structure. The repeated rejections from the critical resistance zone, combined with the diminishing momentum and bearish HTF signals, create what DonAlt characterizes as a potentially dangerous setup. The analyst’s warning carries additional weight given his successful Bitcoin crash prediction in 2021, though past performance doesn’t guarantee future accuracy in the volatile cryptocurrency markets.