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Is Solana headed to $50? These three charts show a textbook bear pattern
Solana’s SOL has dropped 38% over the last 30 days, falling to a two-year low of $67 on Friday. Multiple analysts believe that the downside is not over for the seventh-placed cryptocurrency, with downward targets extending as low as $30. SOL price has already lost over 72% of its value since a cycle top of around $295 in January 2025. In doing so, its price confirmed a head-and-shoulders (H&S) pattern on multiple time frames. Crypto analyst Bitcoinsensus shared a chart showing SOL validating a H&S pattern, hinting at more downside ahead. “Solana has confirmed a breakdown from this macro Head & Shoulders ... (full story)
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