Solana Price Faces Bearish Patterns: Long-Term Bullish Potential?

TLDR

• Long-term cup and handle targets a potential SOL price breakout above $200 with $2,000 projection.
• Weekly charts warn of head and shoulders risk, with downside toward $105–$75.
• A confirmed double top near $200 keeps pressure on SOL around the $120–$130 zone.
• Despite near-term weakness, multi-year higher lows preserve long-term bullish potential.

Solana(SOL) price is navigating a complex technical phase as competing chart signals shape market expectations. While short-term patterns reflect distribution and consolidation, long-term structures continue to point toward significant upside potential. Analysts are weighing near-term downside risks against projections that extend well beyond current levels.

Solana Price Cup and Handle Signals Breakout

According to analyst curb.sol, the long-term logarithmic SOL price against the USD chart outlines a multi-year Cup and Handle formation. The structure began after the 2022 lows near $10 and developed into a rounded recovery toward $200 during 2024 and 2025. The current pullback between $120 and $150 represents the handle phase.

$SOL

Massive Cup & Handle pattern forming on $SOL.

1st upwards target at $2,000.#SOLANA ⚡️ pic.twitter.com/0zAGKbNYVi

— curb.sol (@CryptoCurb) December 28, 2025

This pattern is widely viewed as a bullish continuation setup when confirmed by volume. The neckline sits near the $200 region, which previously capped rallies. A decisive breakout above that level would activate a measured move projection toward $2,000.

Moreover, Solana price historical volatility aligns with the magnitude of this structure. Network expansion, DeFi growth, and mobile integrations provide a supportive macro backdrop. However, failure to hold the handle range could expose deeper retracements toward prior consolidation zones.

SOL Price Structure Warns of Prolonged Correction

Meanwhile, analyst Elite Crypto presented a more cautious outlook based on the weekly Solana price tether USD chart. After rising from the 2022 bottom near $10 to a peak around $200, the market has entered a corrective phase. Price recently declined to the $124 area, reflecting weakening momentum.

$SOL on the higher time frame for doesn’t look very strong right now.

It has formed a head and shoulders pattern which is technically bearish. If $SOL loses the $105 support then the price could move down to the $75–$51 range and this phase may last until mid 2026.

After this… pic.twitter.com/XDtPf8ntBv

— Elite Crypto (@TheEliteCrypto) December 28, 2025

The chart suggests a developing head and shoulders pattern, which typically signals bearish continuation. Key support rests near $105, with a confirmed breakdown potentially opening a path toward $75 and $51. This corrective phase could persist into mid-2026 if selling pressure continues.

Additionally, despite near-term weakness, the broader trend still shows higher lows over several years. The analyst noted that deeper retracements may offer structured accumulation opportunities. Long-term recovery scenarios remain viable once the corrective cycle matures.

Double Top Pattern Pressures Solana Price Near Key Zones

Furthermore, another market analyst, Henry, highlighted a confirmed Solana price double top pattern on the weekly chart. The formation developed around the $200 level during 2025 and triggered a breakdown below the $150 neckline. Price is now trading near $124, approaching historically active support zones.

Marked CME gap zones between $150 and $170, as well as $120 to $130, frame the current range. Increased volume during the decline suggests active distribution rather than passive consolidation. A failure to defend lower support could extend losses toward the $100 level.

No doubt $SOL weekly looking weak.

We put in a clean double top, rolled over, and now price is going back toward a zone that’s acted as real support before.

There’s also a big gap below that market hasn’t dealt with yet.

Not a prediction, just an observation.

This is the… pic.twitter.com/H6yv4vCukc

— Henry (@LordOfAlts) December 28, 2025

In addition, the analyst noted that these support zones previously attracted strong demand. A successful defense could spark a technical bounce before broader trend resolution. However, rallies remain vulnerable until higher resistance levels are reclaimed.

Across multiple timeframes, Solana price action reflects a market balancing corrective pressure against long-term structural strength. While bearish patterns dominate the near-term outlook, long-horizon formations continue to support the case for renewed upside once consolidation completes.