Solana Faces Potential Collapse as Support Trendline Tested

Solana’s native token (SOL) is facing significant downward pressure after a 6% drop, prompting concerns about a major market crash. Despite this setback, Solana’s strong fundamentals remain intact, with $100 million in recent institutional inflows highlighting investor confidence in the platform’s high-throughput ecosystem. The cryptocurrency faces a critical test at its multi-year support trendline around $127. This level has historically held up during past market corrections, but bears are lurking as technical analysis suggests risks of a potential plunge to $100.