Could Solana Reach $50? Analyzing Key Charts Revealing Bear Trends

Solana's price appears to be forming a traditional head-and-shoulders pattern, suggesting a potential target of $50.

The price trajectory of Solana (SOL) has recently illustrated a traditional head-and-shoulders formation across several time frames, which is often viewed as a bearish indicator in technical analysis.

This established pattern indicates a potential price target of approximately $50, suggesting that traders should remain vigilant as market movements unfold.