Solana's weekly price chart is at the center of a technical analysis clash, with one analyst projecting a path to over $1,000 while another confirms a breakdown from a key support level. The conflicting signals emerge as SOL consolidates near $85, struggling to reclaim the $90 resistance zone.
A megaphone pattern, or broadening formation, on a weekly SOL/USDT chart from Binance frames the price action. The pattern, defined by two diverging trendlines, shows price testing a rising support line near $87.29 as of February 15, 2026. Analyst CryptoCurb highlighted prior rallies that reversed at the upper boundary and pullbacks that stabilized at the lower boundary. The projection from this setup anticipates a rebound from the lower trendline, a rapid advance through the mid-range, and a push to the upper boundary, with a label pointing above $1,000 extending into 2027.
Conversely, a separate daily SOL/USD chart indicates a bearish shift. The weekly close confirmed a breakdown below a long-held support band that contained trading through late 2025, transitioning the structure from sideways to a clear downtrend marked by lower highs and lower lows. Analyst WebTrendCo noted repeated rejections from a mid-range overhead supply zone, with price now accelerating below key moving averages. The sequence of red candles into the weekly close signaled sustained selling pressure.
The broader market context adds pressure, with Bitcoin marking its fifth consecutive monthly loss in one of the crypto market's weakest stretches since 2018. Solana's derivatives market has seen a sharp reset, with negative funding rates and dropping open interest. The $90–$92 zone is identified as a critical short-term ceiling, with a liquidity cluster of over $10 billion. A break above this level could trigger short liquidations and a rapid spike toward $95–$100.
However, weekly price action shows concerning signs. A bearish Doji Star pattern suggests trend exhaustion, with the current weekly candle opening below the prior week's close. The On-Balance Volume (OBV) continues to trend sharply lower, indicating weak buying pressure. Analysts warn that if this pattern repeats a prior historical structure, SOL price could face a deep pullback, with the next major support zone potentially around $50.
