Solana (SOL) could face one of its most significant technical tests in recent months, with cryptocurrency trader Jussy warning that a breakdown at a key level could trigger a collapse towards prices not seen since previous bear market cycles. When trading cryptocurrencies above this level and creating two bear patterns over multiple time frames, the analyst assigned two primary failure targets for SOL. However, just one of these patterns can lead to an astonishing 50% drop to $30 after a price breakout.
Solana bear flag pattern signals drop to $30
On Tuesday, February 24, Jussy took to X, warning cryptocurrency investors and traders that Solana may be headed for a dramatic price collapse. The analyst notes that the leading intelligent contract token is currently trading at critical level of support price of $76.57 on the price chart, which could determine the next bearish move.
Looking at the daily chart, Jussy identified: Bear Flag Formation which has been developing since early February 2026. The pattern shows price consolidation in a descending channel after a acute sell-off above $112, which highlights Solana’s downward trend continues in recent months.
If the $76.57 support level gives way, the analyst forecasts a real move from the Bear Flag formation to $37.88, representing a potential decline of over 50% from current levels. Jussy also stated in his analysis that Solana is on track to $30, suggesting that the altcoin could drop even further to that level.
It is worth noting that analysts’ bearish forecast is in the middle Solana’s recent pricing strugglesas broader market volatility and changing investor sentiment have a major impact on the sector. With the crypto bear market already in full swing, SOL is trading sideways, reflecting this needy performance of major cryptocurrenciesincluding Bitcoin.
CoinMarketCap data also shows that the price of Solana has fallen by over 38% since the beginning of the year. Although the altcoin was trending lower last week, the altcoin has been trending lower since then there was a slight recovery from the level of $76, as highlighted in the analysis of Jussy’s chart. At the time of writing, SOL is trading above $86, an enhance of over 13% from the critical support level. Should upward momentum continues, this could signal a potential deviation from the analyst’s bearish $30 forecast.
A triple top pattern signals a smaller decline to $60
In his second bearish forecast, Jussy emphasized that Solana had formed Triple Top pattern on its four-hour chart. This pattern is characterized by three consecutive failed attempts to go higher, with each printing at a lower high than the previous one. This is suggested by the structure noticeable during the price action in January and February buyers are systematically losing momentum after each recovery attempt.
If the support level at $76.57 is broken, Jussy sees a real move from the Triple Top pattern down to $61.73 as Solana’s next target. A drop to this level would mean a breakout from the support area by about 19%.
Featured image from iStock, chart from Tradingview.com
