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Solana has suffered a sharp decline, breaking critical support levels following heightened geopolitical tensions. The U.S. attack on Iranian nuclear facilities triggered market panic, with SOL dropping 20% from its May high. A confirmed bearish technical pattern suggests further downside ahead.
- Solana has broken below critical support levels, confirming a bearish Head and Shoulders pattern with a projected downside target near $106.30.
- Geopolitical tensions, including the U.S. attack on Iran, have amplified market volatility, driving investors away from risk assets like altcoins.
- Technical indicators, including the 200-day SMA breakdown and elevated sell-side volume, reinforce the bearish outlook for SOL in the short term.
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