Crypto Trader Sounds Alarm on Solana’s Market Reversal

A widely watched crypto analyst, known for his trading insights on Bybit, is raising concerns about Solana’s price trajectory.

The pseudonymous trader, Bluntz, believes SOL is showing signs of a market downturn similar to the one that preceded its 2021 collapse.

Bluntz points to a bearish divergence forming on Solana’s two-week chart—a pattern traders monitor closely as it often signals weakening momentum despite stable or rising prices.

According to him, SOL slipping below $220 would be a troubling development, invalidating a previous bullish pattern and reinforcing the bearish divergence.

He warns that unless a major shift occurs, Solana’s outlook could turn decisively negative.

Reflecting on past market behavior, he notes that the last time this signal appeared was in late 2021, right before SOL plummeted from around $260 to a cycle low of $8.