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Solana Price Prediction – SOL Bears Target $81 Amid Mounting Geopolitical Tension

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Highlights:

  • Solana price has decreased 1% to trade at $85, as the crypto market dwindles today.
  • The recent drop comes amid mounting tensions between the US and Iran.
  • The technical outlook shows a negative sentiment, as SOL bears target the $81 mark.

Solana is trading at $85, down 1.81% over the past 24 hours. The week has kicked off with crypto markets in a tentative tone, following mounting tensions between the US and Iran that still linger in investors’ minds. Escalating war tensions have strained risk assets, as Bitcoin is exchanging hands around $68,170, triggering mass liquidations in the crypto market. 

Geopolitical Tension Weighs as Market Sentiment Shows Weakness

The mixed signals from rising geopolitical tensions in the Middle East indicate that SOL’s short-term outlook is uncertain. This outlook may limit the potential for recovery. On Monday, the US president Donald Trump posted on his account on Truth Social, saying,’’ PEACE THROUGH STRENGTH, TO PUT IT MILDLY!!

Source: Truth Social

This observation follows the announcement by Iran on Sunday that it would attack the energy and water systems of its Gulf neighbours. This is a retaliation in case Donald Trump carries out a threat that he issued a day earlier to attack Iran’s electricity system within 48 hours.

Meanwhile, CoinGlass funding rates data also indicate negative sentiment. The metric turned negative on Saturday and is at -0.0059% on Monday, indicating shorts are paying longs. In other words, the bearish sentiment is building in the Solana market. 

SOL OI-Weighted Funding Rate: CoinGlass

SOL Bears Target $81 as Selling Pressure Mounts

The SOL price 4-hour chart broke below key support. The sellers have quickly pushed the price below the 50-day Simple Moving Average (SMA) at $90.33 and the 200-day SMA at $86.72, both of which have become resistance.

The next major support zone is between $84 and $81 on the chart. This area saw intense buying interest and could attract new buyers if the price stabilizes.​ Above, resistance sits around $86-$90, with the 50-day and 200-day SMAs ready to block any rebounds. If Solana can reclaim this area, a push higher to $91 might be possible. However, the selling pressure remains strong.

SOL/USD 4-hour chart: TradingView

The key indicators confirm a negative sentiment. The Relative Strength Index has dropped to 34.44, showing that SOL is heavily oversold. Meanwhile, the altcoin has not yet signaled a reversal. The Moving Average Convergence Divergence is bearish, with the blue MACD line below the orange signal line. Additionally, they are in negative territory, indicating the dominance of sellers.​

Looking ahead, if the price fails to hold above $86.22, further losses towards $84-$81 could come swiftly. The next major support is $81, in which a breach below this zone will see the bears target the $77 lows, last seen on Feb. For now, the outlook for SOL remains cautious amid the escalating geopolitical tension. In the meantime, the short-term dips may provide opportunities for brave buyers, but the overall trend remains negative.

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