The post Solana (SOL) Crashes 11%—Is More Pain Ahead? appeared on BitcoinEthereumNews.com.

Solana (SOL) is under heavy pressure, with its price down more than 10% in the last 24 hours as bearish momentum intensifies across key indicators. The Ichimoku Cloud, BBTrend, and price structure all point to continued downside risk, with SOL now hovering dangerously close to critical support levels. Technical signals show sellers firmly in control, while the widening gap from resistance zones makes a near-term recovery increasingly difficult. Solana’s Ichimoku Cloud chart is currently flashing strong bearish signals. The price has sharply broken below both the Tenkan-sen (blue line) and Kijun-sen (red line), confirming a clear rejection of short-term support levels. Both of these lines are now angled downward, reinforcing the view that bearish momentum is gaining strength. The sharp distance between the latest candles and the cloud further suggests that any recovery would face significant resistance ahead. SOL Ichimoku Cloud. Source: TradingView. Looking at the Kumo (cloud) itself, the red cloud projected forward is thick and sloping downward, indicating that bearish pressure is expected to persist in the coming sessions. The price is well below the cloud, which typically means the asset is in a strong downtrend. For Solana to reverse this trend, it would need to reclaim the Tenkan-sen and Kijun-sen and push decisively through the entire cloud structure—an outcome that looks unlikely in the short term, given the current momentum and cloud formation. Solana’s BBTrend Signals Prolonged Bearish Momentum Solana’s BBTrend indicator currently sits at -6, having remained in negative territory for over five consecutive days. Just two days ago, it hit a bearish peak of -12.72, showing the strength of the recent downtrend. Although it has slightly recovered from that low, the sustained negative reading signals that selling pressure remains firmly in control and that the bearish momentum hasn’t yet been reversed. The BBTrend (Bollinger Band…

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Filed under: News - @ April 4, 2025 12:24 am