Head & Shoulders Sets $42 Target

Solana slipped below a key support zone, and two analysts now point to lower downside levels as the chart structure weakens. Alex Clay flagged a confirmed head and shoulders setup targeting $42, while CryptoUB mapped a bounce zone in the low $100s before a potential move toward about $75.

Solana chart confirms head and shoulders breakdown

Solana has confirmed a head and shoulders pattern on the higher time frame chart, according to market analyst Alex Clay, who said the structure weakened after price lost a key support zone. In a post on X, Clay noted that the breakdown shifted market structure lower and removed the prior base that had supported several rebounds.

Solana / Tether Weekly Chart. Source: Alex Clay via X

As a result, the chart now reflects a completed reversal pattern rather than a consolidation. The neckline break marks the failure of the prior uptrend structure. Moreover, the former support area has flipped into overhead resistance, which limits near term recovery attempts on the same level.

Clay added that the measured move from the head and shoulders formation aligns with the $42 area. Therefore, the pattern target converges with a long watched horizontal level, which sits near a prior demand zone on the broader chart structure.

Solana chart points to bounce before deeper pullback

Meanwhile, Solana’s higher time frame structure shows price pressing below a former support band, according to market analyst CryptoUB, who outlined a near term bounce zone followed by a deeper move lower. In a post on X, CryptoUB said the chart sets up for reactions in the low $100s before a continuation toward the mid $70s area.

As shown on the three day Binance chart, price has already lost the prior base that capped several rebounds in 2025. Therefore, the former support now acts as overhead resistance and limits upside attempts into the same range. At the same time, the chart marks a lower demand zone near the mid $70s, which aligns with a prior reaction area on the broader structure.

Moreover, the current structure reflects a shift away from the 2024 uptrend channel. Successive lower highs formed after the late 2025 peak. As a result, the broader bias remains tilted lower while price trades below the reclaimed level.