Solana Breakdown Incoming? These Are Key Levels To Watch

Yello, Paradisers! Are you ready for the next major flush? After failing to gain momentum since the May double top breakdown, #SOL is now showing even more bearish signs, and the market might be about to punish late bulls one more time.

💎Following the confirmed double top in May, SOL has struggled to reclaim any upside momentum. Now, on the 12-hour chart, a classic head and shoulders formation is emerging, a pattern that often precedes larger trend reversals when the neckline breaks.

💎#SOLUSDT is hanging onto critical support between $142 and $140. This zone is the neckline, and it’s the last stand for bulls. If bears break it, we get a clear breakdown confirmation, with a clean path down toward $130–$127, which marks the first major demand area.

💎That initial support likely won’t hold for long. If pressure continues, SOL is expected to drop further toward the $115–$110 region. This is not just a technical support, it’s also the target area of the H&S formation, making it a magnet zone for price.

💎Adding to the bearish developments, a death cross has now been confirmed on the 12-hour chart. The EMA-50 has crossed below the EMA-200, reinforcing short-term downside pressure. Even if a relief bounce occurs, the $155 region, where the EMA-50 sits, will likely act as fresh resistance and attract renewed selling.

Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

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