Is Solana Heading for New Lows: The Bear Market Outlook

AI-generated source summary

The analysis focuses on Solana (SOLUSDT), which has recently been rejected from a significant resistance area on the daily timeframe. This rejection is considered a potential 'wave 2 top' in an ongoing bear market. The cryptocurrency has experienced a substantial decline of approximately 80% since January 2025, starting from just below $300. Solana is noted to be strongly correlated with Bitcoin. A recent bounce occurred, potentially completing a wave 2 into resistance between $73 and $18.89. The analysis expects a reaction from this zone, identifying it as the main resistance area on the daily chart. The overall market sentiment for SOLUSDT is bearish, with a target price of $40.00 and a fail bound set at $85.00, indicating that a move above this level would invalidate the bearish outlook.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   20 Jun 2026, 01:26 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   20 Jun 2026, 01:32 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   20 Jun 2026, 01:32 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   20 Jun 2026, 01:32 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   21 Jun 2026, 01:01 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. Live evaluation in progress

   01 Aug 2026, 03:21 UTC

   1 signal remains active.