Golden Analysis: Observing from the 2-hour K-line trend, SOL is currently forming a head and shoulders pattern, a classic bearish technical formation that is beginning to take shape. If the price effectively breaks below the neckline support (the key price level needs to be confirmed with real-time market conditions), and subsequent rebounds cannot regain the neckline, the short-term downside risk will significantly intensify.
It is expected that the price may test two key support levels: the first support level may be located at the bottom of the recent concentrated trading area, providing initial cushioning; if this level is lost, the second support level will refer to the Fibonacci retracement level or previous important low points. It is important to note that the cryptocurrency market is highly volatile, and technical patterns should be judged in conjunction with macro market sentiment, BTC correlation, and on-chain data.
⚠️ The above analysis is for technical discussion only and is for reference only.
