Marina Lyubimova
⬤ Solana has returned to a level that carries weight on the monthly chart leaving the price at a decision point. SOL now sits on the neckline of a head-and-shoulders pattern that has taken shape - the support band lies between $111 and $124. After multiple tries to move higher failed, the quote stays just above that band while traders wait to see if the support remains valid.
⬤ The monthly chart displays a classic head-and-shoulders formation. Price has been turned back from higher levels on multiple occasions, a sign that upward momentum is fading. During earlier pullbacks the neckline served as a structural pivot - it must hold if any bullish view is to survive. With the market now near $130, hesitation is evident - a monthly close beneath the neckline would invite strong selling pressure.
⬤ A sustained close below the $111 - $124 band would mark a move into bearish ground. Once that level gives way, the textbook head-and-shoulders target points to further declines. The market waits for technical confirmation, not for hype or outside news.
⬤ The outcome reaches beyond Solana because the coin belongs to the largest and most actively traded altcoins. Signals that appear on the monthly chart tend to spread through the wider crypto market and to influence long term mood. If Solana holds the neckline, the current structure may stabilise - if the level breaks, a broader correction becomes likely. That makes the support band a key reference while conditions stay uncertain.
Marina Lyubimova
