📉 Solana (SOL) Confirms Head & Shoulders Breakdown – What’s Next?

Solana has completed a classic Head & Shoulders bearish reversal on the daily chart, breaking down below its neckline support at ~$141. This move signals potential downside continuation if buyers fail to reclaim key levels.

🔍 Pattern Overview:

• Head: ~$165

• Shoulders: ~$151

• Neckline: ~$141

• ✅ Confirmed Breakdown: Price now below $130

• 📉 Measured Target: ~$117–106

📊 What This Means:

This breakdown suggests strong selling momentum. If $126–128 fails to hold, next supports lie at $120 and $114. A full breakdown extension targets ~$106.

📈 Recovery Needs:

A bullish reversal needs SOL to reclaim $133–135 and ultimately break above the neckline ($141–143) for the bearish setup to be invalidated.

As always: this is not financial advice. Watch price action closely and manage risk accordingly.

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