The Solana price may be on the verge of a significant decline, similar to the collapse of Terra (LUNA) in 2022, according to a crypto analyst. The analyst identified a Double Top pattern in Solana's chart, indicating a potential reversal from an uptrend to a downtrend. The Relative Strength Index (RSI) also showed a bearish divergence, suggesting underlying weakness. If Solana fails to hold key support levels and breaks below them, it could trigger a liquidity crisis and send the price plummeting to $22. Adding to the bearish outlook, major institutional investors have reportedly sold their Solana holdings. Furthermore, the Solana ecosystem is facing investor dissatisfaction, with concerns about meme coins, rug pulls, project abandonment, and high transaction fees. To maintain its dominant position, Solana needs to address these fundamental challenges.



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