Solana Price Movement Predicted as Analyst Outlines Two Possible Scenarios

A crypto analyst has outlined two possible paths for Solana's (SOL) price movement following the cryptocurrency's recent breakdown below a critical support level.

According to Crypto Tice, who posted his analysis on X, Solana's price has deviated from its historic chart pattern by slipping below the key level that previously triggered an explosive bull run in the last market cycle.

If Solana manages to reclaim the broken historic level, it could reignite its bullish momentum and drive its price toward $250. This would signal a return of buyers and a resumption of the historic path seen during the 2022-2023 cycle.

However, if the recent breakdown is accepted and Solana fails to reclaim the support level, its price could crash to new lows, potentially triggering a larger correction.