{"id":58208,"date":"2025-12-30T14:29:11","date_gmt":"2025-12-30T07:29:11","guid":{"rendered":"https:\/\/hbbgroup.net\/solana-bearish-formation-hints-at-major-correction-until-mid-2026-heres-the-target\/"},"modified":"2025-12-30T14:29:11","modified_gmt":"2025-12-30T07:29:11","slug":"solana-bearish-formation-hints-at-major-correction-until-mid-2026-heres-the-target","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/solana-bearish-formation-hints-at-major-correction-until-mid-2026-heres-the-target\/","title":{"rendered":"Solana Bearish Formation Hints At Major Correction Until Mid-2026 \u2013 Here\u2019s The Target"},"content":{"rendered":"
\n

Solana (SOL) is retesting a make-or-break area that could set the stage for a major move at the start of next year. Some analysts have suggested that altcoin\u2019s chart signals a bearish performance for the coming months.<\/p>\n

Solana Faces Another Rejection From Key Resistance<\/h2>\n

After hitting a three-week high of $130 on Sunday, Solana started the week with a 6.1% correction to the $122 area. The cryptocurrency recently breached below its macro support around the $120 zone, hitting an eight-month low of $116 in mid-December.<\/p>\n

Since then, the altcoin has been trading between the $120-$126 mark, attempting<\/a> to break out of the local resistance multiple times but ultimately being rejected after each retest.<\/p>\n

SOL\u2019s price surged around 5.6% toward during Sunday\u2019s broader market bounce, trying to build a base below the crucial resistance level before plunging after the early Monday correction.<\/p>\n

Amid this performance, market observer Crypto Jobs pointed<\/a> out that Solana had broken out of a six-week falling wedge, which could target the $144-$146 area if momentum holds and price confirms a retest of the breakout.<\/p>\n

However, the star-of-week pullback has momentarily sent SOL below the pattern\u2019s upper boundary. Analyst Man of Bitcoin also highlighted that the cryptocurrency had broken<\/a> above a one-month downtrend line, which suggested an initial move toward the $129-$130 area.<\/p>\n

The analyst explained that \u201cholding above the broken trendline is key to maintaining upside momentum,\u201d but noted that as long as the price remains below $146, a scenario where price is headed for one more low, around the $100-105 horizontal support, remains likely.<\/p>\n

Following the Monday rejection, he affirmed<\/a> that \u201cit could be that wave-4 is already complete. A decisive break below the trendline would confirm this further.\u201d<\/p>\n

SOL\u2019s Higher Timeframe Chart Shows Troubling Signs<\/h2>\n

Market watcher Elite Crypto affirmed that Solana \u201cdoesn\u2019t look very strong\u201d on the higher timeframe<\/a>, pointing to a multi-year bearish pattern potentially forming on SOL\u2019s chart.<\/p>\n

According to X analysis, the cryptocurrency has been developing a Head and Shoulder pattern since early 2024, with the neckline sitting around the $105 area in the weekly timeframe.<\/p>\n

SOL\u2019s Head and Shoulders pattern risks breakdown to multi-year lows. Source: Elite Crypto on X<\/a><\/figcaption><\/figure>\n

The char shows that left shoulder formed during the Q1 2024 rally, while the head and right shoulder formed during its rally to its latest all-time high (ATH) in Q1 and Q3 2025 breakouts, respectively.<\/p>\n

\u201cIf $SOL loses the $105 support then the price could move down to the $75\u2013$51 range and this phase may last until mid 2026,\u201d the investor detailed, adding that \u201cafter this period, the overall trend for SOL can turn bullish and set up a better move ahead.\u201d<\/p>\n

Similarly, Henry from Lord of Alts suggested<\/a> that Solana has formed a double top formation with the neckline around the current levels instead of a Head and Shoulders pattern.<\/p>\n

Per the analyst, \u201cWe put in a clean double top, rolled over, and now price is going back toward a zone that\u2019s acted as real support before.\u201d If the altcoin fails to hold the current support, its price could retrace toward the $60 mark, the chart shows.<\/p>\n

Moreover, he added that SOL\u2019s price could also risk a drop to the $35 area in the coming months as there\u2019s \u201ca big gap below that market hasn\u2019t dealt with yet.\u201d<\/p>\n

\"solana,
Solana\u2019s performance in the one-week chart. Source: SOLUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Solana (SOL) is retesting a make-or-break area that could set the stage for a major move at the start of […]<\/p>","protected":false},"author":5,"featured_media":58209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-58208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/58208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=58208"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/58208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/58209"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=58208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=58208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=58208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}