Crypto: Is Solana Headed To $50? These Three Charts Show A Textbook Bear...

SOL’s price has validated a classic head-and-shoulders pattern on multiple time frames, with a price target of around $50.

Solana’s SOL (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.

Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower.

MVRV bands point to a potential bottom, but support at $75 must hold.

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.

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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 pattern,” Bitcoinsensus said in a Monday post on X, adding:

“This is a classic head and shoulders pattern with a measured move to $45,” analyst Nextiscrypto said about SOL’s two-week chart. But other analysts said the price can go even lower.

Pseudonymous analyst “Shitpoastin” said Solana’s price has also formed a “massive head and shoulders” pattern on the monthly chart over two years, “with nothing but air until $30.”

Source: CoinTelegraph