{"id":9114,"date":"2025-12-30T06:00:20","date_gmt":"2025-12-30T06:00:20","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/solana-bearish-formation-hints-at-major-correction-until-mid-2026-heres-the-target\/"},"modified":"2025-12-30T06:00:20","modified_gmt":"2025-12-30T06:00:20","slug":"solana-bearish-formation-hints-at-major-correction-until-mid-2026-heres-the-target","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/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":"

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 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 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, 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

\"\"<\/p>\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,<\/p>\n","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 next year. Some analysts have suggested that altcoin\u2019s chart signals a bearish performance for the coming months. Solana Faces Another Rejection From Key Resistance After hitting a three-week high of $130 on Sunday, Solana started…<\/p>\n","protected":false},"author":1,"featured_media":9115,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[52,1219,608,267,55,174,4152,3457,109,466,116,117],"class_list":["post-9114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-sol","tag-sol-ath","tag-sol-breakdown","tag-solana","tag-solana-analysis","tag-solana-price","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=9114"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/9114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/9115"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=9114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=9114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=9114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}