Solana (SOL) Price Breaks Key Support—Is $50 the Next Level to Watch?

Solana price

More importantly, the weekly Gaussian Channel has flipped bearish, signaling that SOL may have entered a broader downtrend phase rather than a short-lived correction. This shift aligns with the confirmed breakdown of a head-and-shoulders pattern on the weekly timeframe, a structure that often precedes extended downside if price fails to reclaim lost levels.

On a slightly constructive note, the weekly RSI appears to have bottomed and is attempting a rebound, suggesting selling pressure may be slowing. However, until momentum improves and price reclaims key resistance levels, the broader setup continues to favor caution, keeping the risk of further downside open as the month progresses.

The Bottom Line

Solana remains in a fragile position as long as the price stays below the $105–$110 resistance zone. Failure to reclaim this range could keep downside pressure intact, opening the door for a move toward $77–$75, where short-term demand may attempt to slow the decline. A deeper breakdown would bring the $50–$55 region into focus, aligning with historical support. 

On the upside, bulls need a strong weekly close back above $115 to invalidate the bearish setup and shift momentum toward $135–$150. Until then, risk remains skewed to the downside.

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