Solana’s weekly chart is painting a clear story — and it’s not the bullish one everyone’s hoping for.
After weeks of consolidation, $SOL has completed a textbook bearish Gartley pattern, confirming what many technical traders have been watching since mid-structure. The move from point D sparked the anticipated decline, and the chart is now showing consistent lower highs — a sign of sellers tightening control.
📉 Technical Breakdown
The neckline support, highlighted as the potential reversal zone, has now been broken — a critical technical trigger that shifts the tone from neutral to bearish.
Meanwhile, momentum indicators are starting to line up with the pattern’s message:
The MACD has crossed to the downside, confirming momentum loss.
The histogram has flipped red, adding weight to bearish continuation.
The RSI is trending lower, showing fading strength and weakening buying pressure.
This confluence across multiple indicators reinforces that the structure is fulfilling itself — and unless Solana can reclaim its neckline fast, a deeper correction phase may be unfolding.
🧭 What to Watch Next
If price action continues to close below the neckline, expect sellers to maintain dominance. The next potential support zones could align near prior consolidation regions — the same levels where $SOL last found stability before its major breakout earlier this year.
While the long-term fundamentals of Solana remain strong, the current chart setup leans bearish from a technical perspective. Traders should stay alert for any fakeouts or retests of the neckline that could confirm further downside.
⚠️ Bottom Line
$SOL’s bearish Gartley pattern isn’t a coincidence — it’s a structured signal of exhaustion. The combination of lower highs, declining momentum, and neckline breakdown all point toward caution in the near term.
Sometimes, patience is the best position.
