Solana’s weekly chart is flashing a major macro warning signal. A confirmed Double Top pattern has formed, and the long-term ascending trendline has already been broken. All eyes are now on the $100 neckline, a level that could determine SOL’s next major move.

Let’s break it down

Technical Analysis (Weekly Timeframe)

The chart reveals a large Double Top formation, with key resistance established near the $BTC 250–$260 zone. This structure developed over an extended period, increasing its technical significance.

Most importantly:

The macro uptrend support has been decisively broken

Price is currently hovering around the critical neckline support at $100–$110

A weekly close below $100 would confirm the breakdown and activate the pattern

If confirmed, the measured move projection points toward a potential downs$BNB ide target in the $25 region. While this is a worst-case technical scenario, it must be respected given the timeframe and structure involved.

Risk remains elevated as long as SOL trades below former support.

Fundamental Perspective

Despite the bearish technical setup, Solana’s fundamentals remain strong:

Continued growth in DeFi, NFTs, and stablecoin usage

Strong developer activity and ecosystem adoption

Ongoing network improvements, including Firedancer, designed to significantly enhance performance, throughput, and reliability

These factors suggest that while price may correct further, long-term network value and utility remain intact.

Strategy & Risk Management

Traders: Exercise caution below $110. Volatility is likely if the neckline fails.

Long-term investors: Any deep correction should be viewed as a macro accumulation opportunity, not a reason for panic.

Personally, I am scaling spot buys between $40 and $100, focusing on long-term DCA rather than short-term trades.

Final Thoughts

The weekly chart signals real downside risk, but strong fundamentals argue against writing Solana off. If the $100 level breaks, patience and disciplined accumulation may offer asymmetric long-term upside.

Drop the altcoin you’re holding in the comments, and I’ll take a look at the chart. #SOL #altcoins #bitcoin #Web3 #TechnicalAnalysis_Tickeron