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Solana price shows technical signs of dropping toward $50 amid bearish patterns and on-chain weakness.

Technical Signals
11 Jun 2026
FXEmpire
View Source
Bearish
pluang ai news

Solana's price is signaling a potential decline toward $50, with two key technical patterns—a daily bear flag breakdown and a four-hour bearish pennant—pointing to further downside. The token has fallen below important moving averages and is trading under Glassnode's 0.8 MVRV band, indicating historically low valuation levels and increased selling pressure. Unless Solana reclaims resistance between $67 and $72, the outlook remains bearish, suggesting investors should watch for possible continued weakness in the coming weeks.

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