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Solana price forms bearish double-top, risks dropping to $60 amid weak network activity and market caution.

Technical Signals
24 Jun 2026
Crypto news
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Bearish
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Solana's price has formed a bearish double-top pattern near $75 and recently broke below the $68 neckline, targeting a further drop to around $60.8, about 12% lower, driven by weakening network activity, falling decentralized exchange volumes, and capital outflows from the Solana ecosystem. Broader crypto market weakness, influenced by Bitcoin's struggles and macroeconomic factors like elevated U.S. interest rates, adds to the bearish sentiment. While some traders watch for a potential recovery if Solana breaks above $72-$75, the current momentum and liquidation risks suggest more downside pressure ahead unless key resistance is reclaimed.

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