Solana at the Crossroads of Destiny: Explosion or Collapse?

Solana is trading at a crucial level after a week of volatility that saw a significant surge across the crypto market. While the bullish rally has sparked optimism, analysts remain deeply divided. Some believe this is merely a healthy correction in the broader bull cycle, while others caution that the crypto market may have entered a new bearish phase. For Solana, the coming weeks are predicted to be crucial. Top analyst Inmortal has shared insights on X, emphasizing that within the next 30 days, the market may reveal whether Solana's latest recovery attempt is merely a simple rebound from a bearish market or the beginning of a bullish market and new expansion. When Solana holds above key technical levels, price action will be very important to determine sentiment. The risks are very high, especially as macroeconomic instability, due to global trade tensions and monetary policy changes, continues to overshadow the broader financial landscape. Investors should be cautious yet vigilant. Solana's next move could shape not only its own trajectory but also the entire altcoin sector as we head into the summer months. Time is running out in this critical phase. Solana is approaching a key level amid a strong recovery. Solana has made a strong recovery from the local low on April 7 of around $95, increasing an impressive 54% in just a few weeks. Bullish traders have regained momentum as Solana trades near a key resistance level, with analysts calling for a potential bullish move above $160 in the short term. However, despite this strong recovery, the risk of a reversal into a bearish trend remains high. Since January, Solana has been one of the largest cryptocurrencies heavily impacted. It has lost over 65% of its value in the latest bearish trend, highlighting strong selling pressure and increased speculation across the crypto market. Although the recent bullish rally is encouraging, many are questioning whether it marks the beginning of a new bull phase or just a temporary recovery in a larger bearish trend. Inmortal's insights emphasize that May will be a decisive month for Solana. According to him, "you can't imagine how important May is." In the next 30 days, the market is expected to reveal whether Solana's recent strength is merely a rebound from the bearish market or the beginning of a true bullish market that could lead to further profits.

The coming weeks will be very important and the price movement of Solana may determine the trend of the entire altcoin market this summer. Details about price action: Key levels to watch Solana (SOL) is trading at $146 after losing about 6% of its value since Friday. Despite a strong bullish rally earlier this month, buyers are currently facing increasing pressure to defend the current level. SOL must reclaim the $180 level, close to the 200-day moving average (MA), to continue the bullish trend and regain the confidence of the crypto market.

The $180 mark is very important because a decisive move above this level will signal strength and open the door for a bullish trend towards higher resistance levels. However, without this breakthrough, the current bullish trend risks falling to an even lower high, further weakening the structure of Solana. On the negative side, losing the $140 level would be a major warning sign for the bulls. A sustained drop below this support level could trigger a deeper correction, with prices likely falling below the psychological threshold of $100. Such a move could accelerate bearish sentiment and create further selling pressure, especially as macroeconomic risks and global instability continue to weigh on the crypto market. The next few days will be a critical time for SOL. Bulls must act quickly to defend, support, and try to recover, or risk opening the door to another major bearish wave.