In the weekly timeframe of Solana (SOL) for August 2025, a Head and Shoulders (H&S) pattern has formed, signaling a potential trend reversal. Several indicators also show clear signs of bearish divergence, further supporting the bearish outlook.
On the daily timeframe, Solana has entered a bearish market structure, forming lower lows (LL) and lower highs (LH). Currently, the price action appears to be in the process of forming another lower high (LH). Within this formation, a Rising Wedge pattern is developing, which aligns well with the Head and Shoulders pattern on the weekly chart.SOLUSD