$SOL — Weekly Chart Analysis

SOLUSDT

SOL — Weekly Chart Analysis

On the 1Week timeframe, Solana is forming a potential Head & Shoulders (H&S) pattern — a structure often associated with medium-to-long-term trend reversals when confirmed.


Left Shoulder: Built around $180–$200 before a corrective drop.

Head: Peak near $296, followed by a sharp retracement.

Right Shoulder: Currently developing between $160–$200, mirroring the left shoulder's structure.

Neckline Support: ~$125–$130 → This is the key zone. A decisive weekly close below could trigger a deeper correction.


📌 Key Levels to Watch

Resistance: $200 → Strong supply zone; breakout above would invalidate the bearish H&S narrative.

Support: $160 short-term, $125 critical neckline.

Upside Bias: If SOL breaks above $200 with volume, it could retest $230–$250, negating the H&S bearish potential.


Currently, SOLANA is in a neutral-to-slightly bullish phase as it trades above $160 and is testing right shoulder resistance. The next weekly close will be crucial to determine if bulls can negate the H&S risk or if sellers take control.