Solana (SOL) could be facing one of its most critical technical tests in recent months, with crypto trader Jussy warning that a breakdown at a key level could trigger a collapse toward prices not seen since previous bear market cycles. The analyst has set two major crash targets for SOL. Only one of these patterns could lead to a staggering 50% decline to $30 once the price breaks. On Tuesday, February 24, Jussy took to X, warning crypto investors and traders that Solana could be heading toward a dramatic price collapse.
The analyst notes that the leading smart contract token is currently at a critical support level of $76.57 on the price chart that could define its next bearish move. Looking at the daily chart, Jussy has identified a Bear Flag formation that has been developing since early February 2026. The pattern shows price consolidating within a descending channel after a steep sell-off from above $112, underscoring Solana’s continued downtrend over the past months.
Should the $76.57 support level give way, the analyst projects a measured move from the Bear Flag pattern to $37.88, representing a potential decline of more than 50% from current levels. Jussy also said in his analysis that Solana is on a path to $30, suggesting the altcoin could fall even further to that level. For his second bearish forecast, Jussy highlighted that Solana has formed a Triple Top pattern on its four-hour chart. This pattern is characterized by three successive failed attempts to push higher, with each one printing at a lower peak than the last. The structure, visible across the January and February price action, suggests buyers have been steadily losing momentum after each recovery attempt. If the $76.57 support level breaks, Jussy sees a measured move from the Triple Top pattern down to $61.73 as Solana’s next target. A drop to this level would represent a roughly 19% crash from the support area.
Solana’s price has fallen by more than 38% since the start of the year. While it was trending downward just last week, the altcoin has since staged a slight recovery from the $76 level, highlighted in Jussy’s chart analysis. As of writing, SOL is trading above $86, up more than 13% from the critical support level. Should upward momentum persist, it could signal a potential deviation from the analyst’s bearish $30 forecast.
Solana (SOL) could be facing one of its most critical technical tests in recent months, as an analyst warns that a breakdown at a key level could trigger a collapse toward levels not seen since earlier bear cycles. The trader has outlined two major crash targets: a Bear Flag-driven move to $37.88 and a separate path toward $61.73 based on a Triple Top pattern on the four-hour chart. If the price breaks the $76.57 support, these downside scenarios become more likely, with one path suggesting a roughly 50% decline from current levels and even a move toward $30 under certain conditions.
In the latest update, SOL has formed a Bear Flag pattern that has been developing since early February 2026, reflecting a downtrend after a sharp drop from above $112. The setup implies price consolidating within a descending channel, and a break below $76.57 could unleash the measured moves toward the proposed targets. Jussy also highlighted a Triple Top formation on SOL’s four-hour chart, indicating waning buying momentum as price failed to push higher on three occasions. A break of the support level could push SOL toward $61.73, representing about a 19% drop from the key support area, while the Bear Flag scenario points to a steeper downside path.
SOL has fallen more than 38% year-to-date, and the price has recently shown some volatility, trading above $86 after a dip near the $76 level. The current move comes as the market watches whether the downtrend can resume or if upward momentum could lead to a deviation from the bearish forecast. If the bulls regain control, the narrative could shift, though the analyst’s bearish targets remain a primary reference for traders monitoring the Solana chart.
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