Solana (SOL) could face one of the most critical technical tests in recent months, with crypto trader Jussy warning that a failure at a key level could lead to a collapse in prices not seen since previous bear market cycles. Now that cryptocurrency trading is above this level, forming two bearish patterns over multiple time frames, the analyst has set two major crash targets for SOL. However, just one of these patterns could lead to a staggering 50% drop to $30 once the price breaks.
Solana Bear Flag Pattern Signals a Crash to $30
On Tuesday, February 24, Jussy went to X, warning crypto investors and traders that Solana could be headed for a dramatic price drop. The analyst notes that the leading smart contract token currently has a value of critical support level from $76.57 on the price chart that could define the next bearish move.
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Looking at the daily chart, Jussy has a Bear Flag formation which has been developing since early February 2026. The pattern shows prices consolidating within a descending channel after a steep sell-off above $112, which underlines Solana’s continued downward trend the past few months.
Should the $76.57 support level collapse, the analyst expects a measured move from the Bear Flag pattern to $37.88, which represents a potential decline of more than 50% from current levels. Jussy also said in his analysis that Solana is heading towards $30, suggesting the altcoin could fall even further to that level.
It is striking that the analyst’s bearish forecast comes halfway Solana’s recent price battleas broader market volatility and changing investor sentiment weigh heavily on the sector. With the crypto bear market already in full swing, SOL is trading sideways, mirroring the weak performance of the major cryptocurrenciesincluding Bitcoin.
CoinMarketCap data also shows that Solana’s price has fallen by more than 38% since the beginning of the year. While the altcoin showed a downward trend last week, that has been the case ever since made a slight recovery from the $76 level highlighted in Jussy’s chart analysis. At the time of writing, SOL is trading above $86, up over 13% from the critical support level. Should upward momentum persists, it could indicate a possible deviation from the analyst’s bearish $30 forecast.
Triple Top pattern signals a smaller decline towards $60
For his second bearish prediction, Jussy highlighted that Solana has formed a Triple Top pattern on the four-hour chart. This pattern is characterized by three consecutive failed attempts to move up, with each attempt printing at a lower peak than the previous one. The structure, visible during the January and February price action, suggests buyers are steadily losing momentum after each recovery attempt.
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If it breaks the $76.57 support level, Jussy sees a measured move from the Triple Top pattern to $61.73 as Solana’s next target. A drop to this level would amount to a roughly 19% crash from the support area.
Featured image from iStock, chart from Tradingview.com