Solana’s price is currently in an extremely critical position, facing the possibility of a major technical breakdown during the next sessions. After having experienced a considerable loss of value recently, several market analysts warn about the formation of a bearish head and shoulders pattern on its monthly chart.
According to Web 3 journalist Tim Hakki, the asset has erased billions in market capitalization during the most recent trading sessions. This setback, which represents a 72% drop from its all-time high reached in January 2025, places the token at a decisive crossroads for its immediate financial future.
Technical structure suggests a deep correction in Solana’s market price
The graphical configuration identified between April 2025 and February 2026 reveals an exhaustion structure that deeply worries most institutional investors. Upon confirmation of this bearish head and shoulders pattern, the asset could enter a freefall phase without finding solid support levels before reaching the 30 dollar zone.
Likewise, analysts like Alex Clay have pointed out specific price targets near 42 dollars, coinciding with historical demand zones from previous cycles. Therefore, the loss of key support levels is validating a negative thesis, causing traders to evaluate if this cryptocurrency remains a viable investment option.
On the other hand, the analyst Bitcoinsensus has projected that the initial decline could lead SOL’s valuation towards the 50 dollar mark soon. However, despite the prevailing negative sentiment, some indicators suggest that the 75 dollar level could act as a temporary floor to stop the asset’s current bleeding.
Can network fundamentals reverse the current negative price trend for Solana?
Despite the carnage reflected in the market prices, activity within the Solana network remains surprisingly robust and highly dynamic. Recently, the network’s fee revenue has managed to double Ethereum’s records, which demonstrates real and constant use of the protocol, regardless of the current market volatility.
This divergence between market value and technical fundamentals represents an opportunity for those looking for assets with real-world utility. However, as long as the psychological level of 100 dollars is not recovered, the bearish head and shoulders pattern will continue to dictate the necessary caution among financial sector participants.
Finally, Solana’s future will depend on its ability to maintain daily closes above the critical support levels mentioned by experts. Monitoring the 75 dollar level is vital to avoid a massive capitulation, hoping that the technological resilience of its ecosystem will eventually invalidate the most pessimistic projections from graphic analysts.
