Solana's price has slipped below $150 after a sharp technical breakdown, raising fears of a deeper decline even as traders still forecast a surge to $1,000.
In August the coin plummeted over 11% in a single day during a broader market crisis, then rebounded after Brazil approved a Solana ETF, sparking a 12% rally that created support above $150.
If the $150 level cracks, SOL could test the $126 support zone, according to on-chain data that shows a 22% drop in active addresses from 1.27 million to 980,000.
Current technical indicators read a neutral RSI of 43.15 and a bearish MACD crossover, both suggesting weaker momentum ahead.
Analysts point to past bull runs and the potential for a $1,000 price tag this cycle, keeping a long-term bullish view despite short-term pressure.