Solana Drops Below $80 After Head and Shoulders Pattern Breakdown

2026-02-12 13:00:32

Solana has broken through a critical support level after completing a months-long head and shoulders pattern. The breakdown pushed SOL below the $100-$110 neckline, with price now hovering near $79-$80. Technical analysts are watching closely as the altcoin approaches a key demand zone that could determine its next major move.

Solana Confirms Bearish Pattern With Neckline Break

SOL moved lower after confirming a breakdown from a head and shoulders formation on the higher timeframe chart. The move pushed price below neckline support, signaling weakening structure after consolidation. The chart shows SOL trading near the $79-$80 area following rejection from the right shoulder and the loss of the horizontal support band.

The pattern formed across multiple months, with the left shoulder, head, and right shoulder clearly visible before price slipped beneath the $100-$110 support region. After the breakdown, SOL continued drifting lower instead of recovering above the neckline—typical behavior after completion of a head and shoulders structure.

Next Support Target: $50-$60 Zone

The projected target area represents a significant support level from earlier price action. The move toward that zone would indicate continuation of the bearish structure rather than just a temporary dip. Similar market behavior has been discussed in SOL tests key demand zone.

Momentum indicators on the chart also trend downward, reinforcing the loss of strength following the breakdown. This development matters because large higher timeframe breakdowns often influence broader crypto market sentiment

Continued movement toward the projected support region would confirm sustained downside pressure, while stabilization near support would determine whether the trend pauses or extends further.

SOL-0,86%

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