After recovering from the previous decline, the cryptocurrency market has turned negative again as bears begin to regain control.
The cryptocurrency market is back in the red following a partial recovery earlier this week. Solana, Litecoin and Ethereum Classic are showing bearish momentum, and all three could face further losses in the coming days if market sentiment remains weak.
Solana price outlook
The 4-hour chart for SOL/USD is currently bearish after a 12% drop in the last 24 hours. A network outage on Solana that lasted nearly 24 hours contributed to the coin’s sell-off, and Solana has since fallen from sixth place in market capitalization, now trailing XRP.
4-hour chart of SOL/USD. Source: TradingView
SOL is trading near $140 and could slide toward the $128 support level in the coming hours if bearish pressure continues. A secondary key support at $108 should limit further downside unless the broader crypto market sees a large-scale sell-off.
On the upside, SOL could test resistance at $167 if buyers manage to retake control. A sustained bullish move could push Solana further toward the $180 area.
Litecoin price outlook
The 4-hour LTC/USD chart is likewise bearish after a decline of more than 2% over the past 24 hours. Litecoin risks breaking below its first important support at $172 in the coming hours if market selling intensifies.
4-hour chart of LTC/USD. Source: TradingView
If the decline extends, the next key support at $166 could come into play. However, Litecoin is expected to hold above $150 over the next hours and days unless selling pressure becomes extreme.
Ethereum Classic price outlook
Ethereum Classic is also showing bearish signals. The 4-hour ETC/USD chart sits in negative territory, with the coin trading around $56—below its 100-period simple moving average (SMA). If the downtrend continues, ETC could fall beneath the first major support at $49. Still, the $39 support level should hold unless a prolonged sell-off occurs.
4-hour chart of ETC/USD. Source: TradingView
Conversely, if the market stages a recovery, ETC could clear initial resistance at $64. Last week’s high near $76 would likely cap further upside in the short term unless a broader market rally occurs.