Solana's Make-Or-Break Moment Looms at $74 Amid 30% Crash Fears

Solana's native token has been underperforming during the persistent bear market, but some analysts view the current levels as great buying opportunities.

Others believe the asset is at a critical turning point, suggesting that a further 30% crash is not out of the question.

SOL has been in a major decline lately, with nine consecutive red months, and is at risk of closing its tenth month red. Ivan on Tech warned that people should respect the trend, as it could slip further in the near future.

The current price level, around $74 or very close to the $73.75 mark, has been labeled a 'make-or-break' moment by analyst Ali Martinez. He noted that over 50 million SOL were bought around this level, making it the most critical support on the map.