Solana (SOL) is testing a critical zone that could determine its direction early next year. Some analysts believe the altcoin’s chart points to a bearish outlook in the coming months.
After reaching a three-week high of $130 on Sunday, Solana fell 6.1% to around $122. The cryptocurrency recently broke below its key support near $120, hitting an eight-month low of $116 in mid-December. Since then, it has traded between $120 and $126, repeatedly trying but failing to break through local resistance.
SOL rose about 5.6% during Sunday’s market-wide bounce, attempting to establish a base below a major resistance level before dropping again in Monday’s early correction. Market observer Crypto Jobs noted that Solana broke out of a six-week falling wedge pattern, which could target the $144–$146 range if momentum continues and the breakout is confirmed. However, this week’s pullback has temporarily pushed SOL below the pattern’s upper boundary.
Analyst Man of Bitcoin pointed out that SOL has broken above a one-month downtrend line, suggesting a possible move toward $129–$130. He emphasized that staying above this trendline is crucial for maintaining upward momentum. However, he added that as long as the price remains below $146, a drop toward the $100–$105 support area is still possible. After Monday’s rejection, he suggested that “wave-4 might already be complete,” and a clear break below the trendline would confirm this.
On longer timeframes, the outlook appears concerning. Market watcher Elite Crypto stated that Solana “doesn’t look very strong” and highlighted a potential multi-year bearish pattern forming on its chart. According to his analysis, SOL has been developing a Head and Shoulders pattern since early 2024, with the neckline around $105 on the weekly chart. The left shoulder formed during the Q1 2024 rally, the head during the rally to its latest all-time high in Q1, and the right shoulder during the Q3 2025 breakout.
“If SOL loses the $105 support, the price could fall to the $75–$51 range, and this phase may last until mid-2026,” he explained, adding that after this period, the overall trend for SOL could turn bullish.
Similarly, Henry from Lord of Alts suggested that Solana has formed a double top pattern, with the neckline near current levels. According to him, “We put in a clean double top, rolled over, and now price is going back toward a zone that’s acted as real support before.” If SOL fails to hold this support, it could fall toward $60. He also warned that the price might drop to around $35 in the coming months, as there is “a big gap below that the market hasn’t dealt with yet.”
Frequently Asked Questions
Of course Here is a list of FAQs about the analysis suggesting a significant downturn for Solana lasting until mid2026
Beginner General Questions
1 What does a bearish pattern mean
A bearish pattern is a specific shape or formation on a cryptocurrencys price chart that technical analysts believe often signals a continuation of a price decline or the start of a new downtrend
2 Why are people saying Solana could drop until mid2026
This prediction is based on a longterm technical analysis pattern called a descending triangle or a prolonged corrective wave Analysts applying these methods see the chart structure pointing to a potential multiyear bottoming process similar to patterns seen after past major crypto bull runs
3 What is the potential price target mentioned
While specific targets vary analyses based on this bearish pattern often point to a final bottom significantly lower than current prices Some models project a return to the 10 30 range to complete the pattern though this is a worstcase scenario projection not a certainty
4 Is this prediction guaranteed to happen
No absolutely not This is a technical analysis forecast not a fact It is based on historical patterns and probabilities Unforeseen events major adoption news or shifts in overall market sentiment could invalidate this pattern
5 Should I sell all my SOL based on this
You should not make financial decisions based on a single analysis Consider this one perspective among many Always do your own research understand your risk tolerance and consider your longterm investment strategy
Intermediate Technical Questions
6 What specific chart pattern is being referenced
The primary pattern is often identified as a largescale descending triangle or a complex corrective wave structure on Solanas multiyear chart These patterns suggest lower highs are being formed while a key support level is repeatedly tested
7 How does technical analysis arrive at a date like mid2026
The timeline is derived from the symmetry and duration of past price cycles Analysts measure the time of the previous bull market and subsequent correction projecting a similar or proportional timeframe for the current corrective phase to complete its pattern