2026-04-06 21:02:52

Will this be the end of Solana?

In my overall analysis, Solana is forming a bearish pattern called "Head and Shoulders."
As you can see in the chart, Solana is about to break downward and may follow the mentioned pattern.
If that happens and Solana breaks the support line of the trend, it will increase the chances of further decline toward the target set at a price we can't imagine, let's say below $SOL - $10 , where the lowest value area or VAL is located. Note that the VAL may change based on the real-time candle movement. Above all, this is purely speculation and not 100% accurate. Why am I writing this? Because some traders might be trapped now and don't know what to do. This post might help you plan ahead before things become volatile.
‍$1

SOL-3.03%

View Original

BlackChenOG

2026-04-06 10:56:31

$SOL will this be the end for Solana?
in my macro analysis, Solana is forming a bearis chart pattern called "Bearish Head & Shoulders"
as you can see in the photo Solana is in the border of breaking to the downside and might follow the said pattern
if this will happen and Solana break the trendline support this will increase the chance to go down further in the plotted target at a price we cannot imagine let us say below $10 - $1 where VAL or value area low is placed note that this VAL may change from real time candle movement. Above all this is just pure speculation and not 100% accurate why I am posting this? for some reason that there might be traders who are trap now and dont know what to do, this post might help you plan ahead before things gets bumpy
‍#GateSquareAprilPostingChallenge

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes