SOL: Markets Price Sub-$48 Drop by Year-End

SOL extends its historic 10 straight red monthly candles, one of the longest losing streaks on record, while prediction markets continue pricing a drop below $48 before year-end.

At $73.65 the 4-hour chart shows price pinned below both the EMA50 at $73.78 and EMA200 at $74.79, locking in the bearish trend structure; the MACD golden cross at -0.2 offers the sole bullish signal, yet the asset sits inside the Bollinger bands and is already testing upper resistance at $74.13, suggesting any short-term bounce will likely stall before a deeper retracement toward the lower band support at $71.79.

This setup reinforces the prevailing SOL price prediction of further downside and aligns with broader crypto market crash narratives still dominating sentiment.