Solana (SOL) Price Analysis: Bearish Structure Points to Further Downside

Solana (SOL) Technical Analysis

Solana is currently exhibiting signs of structural weakness as price action continues to move within a broader bearish framework.

The weekly chart suggests a continuation of the downtrend, although short-term squeeze moves to the downside may occur.

Monthly Gap Zone – A Key Area

On the monthly timeframe, SOL has entered a gap zone, which often acts as a price magnet.

This increases the probability of further downside exploration before stabilization.

Key Levels:

• 79.29 – Upper gap boundary
• 69.60 – 71.8% Fibonacci retracement (from 8.00 to 295.83)
• 56.45 – Gap midpoint
• 33.70 – Lower gap boundary

Bearish Pattern: Head & Shoulders

A clear Head & Shoulders formation is visible on the higher timeframe, reinforcing the bearish outlook.

The projected move from the neckline indicates a potential downside target at:

➡️ 43.28

Outlook

Given the current structure:

• The market remains bearish
• Short-term rebounds are likely corrective
• Downside targets remain in play

Conclusion

Solana is currently positioned in a technically sensitive area. Unless key resistance levels are reclaimed, the probability of further downside remains elevated.