Solana (SOL) is exhibiting significant technical weakness, with key chart breakdowns against both Bitcoin and the U.S. dollar signaling fading momentum and rising pressure on critical support zones. The SOL/BTC pair closed its monthly candle below a major support and resistance level near 0.00144 BTC, a level analysts label as a break point for strength. The monthly close was around 0.00125 BTC on Binance, having traded between approximately 0.00135 BTC and 0.00112 BTC.
This breakdown leaves SOL/BTC far below its upper resistance band near 0.00231 BTC, with prior attempts to push above this area having stalled. Analysts highlight two key downside targets if weakness persists: a first level near 0.00101 BTC and a deeper support zone around 0.00060 BTC. A reclaim of the 0.00144 BTC level on a monthly close would be needed to shift the pair back into its prior range and reduce the immediate bearish setup.
In dollar terms, Solana has broken below a key neckline on its weekly chart, confirming a multi-year head and shoulders pattern. The pattern, identified by analysts, features a left shoulder in 2024, a head in early 2025, and a right shoulder later in 2025. The breakdown aligns with a gray support band in the low $100s, with price recently dipping below this zone to trade near $79. This turn of former support into overhead resistance shifts focus to prior demand zones from earlier cycles.
Despite the bearish structures, some analysts point to conflicting signals. SOL has rebounded near the $75 level, a critical weekly pivot zone, with some cycle models suggesting this could signal an accumulation phase. Furthermore, the weekly Relative Strength Index (RSI) has hit historic oversold levels, forming a bullish divergence where price made lower lows but RSI did not, indicating weakening selling pressure.
However, a more cautious macro outlook warns that the broader structure still resembles a downtrend, with price remaining below prior resistance and lacking a confirmed higher low on the weekly timeframe. Failure to hold the $75 support could expose Solana to a deeper downside retest toward the $50 zone, an area aligning with prior cycle consolidation and high-value demand.
