Alright team, let's break down this juicy $SOL chart and see what's cooking. The Weekly view requires serious attention, showing a potentially significant change in macro trend direction.
Technical Analysis
The chart clearly illustrates a massive Double Top formation with primary resistance peaking near $260. Crucially, the long-term upward support trendline has been definitively broken. The current price action is hovering near the critical neckline support zone around $100 - $110. A confirmed weekly close below this neckline activates the full bearish pattern, setting a potential measured move target floor near $25.00. We must respect these macro structural signals; the risk is elevated.
