The post Solana Charts Flag $50 Support Risk as $114.35 Target Stays in Play appeared on BitcoinEthereumNews.com.

Solana faced a tug of war on technical charts after one trader flagged a breakdown setup while another tracked a potential breakout path. The two chart calls focus on the same asset but point to opposite outcomes, with key levels now acting as the main reference points. Solana Head and Shoulders Breakdown Pressures Price Near $80 Solana broke below a key horizontal support after forming a head and shoulders pattern on the daily chart shared by X user Bitcoinsensus. The pattern shows a left shoulder in mid-2024, a higher peak in early 2025 as the head, and a right shoulder later in 2025. After the right shoulder failed, price slid through the neckline zone, which had acted as support during prior pullbacks. Chart name: Solana U.S. Dollar Daily Chart. Source:  Bitcoinsensus The chart shows SOL trading near $79.60 at the time of the snapshot. The breakdown pushed price below the former base around the low-$100 area, which now acts as resistance. As a result, the broader structure turned lower, with lower highs and lower lows forming after the neckline loss. Momentum also weakened on the lower panel. The RSI trended down toward the low-30s, which reflects sustained selling pressure during the breakdown phase. In line with this setup, Bitcoinsensus marked the next support band in the $50 to $60 area as the nearest zone where price previously found demand during earlier market cycles. Solana Breakout Setup Puts $114.35 Level in Focus Meanwhile, Trader Elja, posting as @Eljaboom on X, highlighted a Solana setup that frames a potential upside move after a rebound from a rising trendline. The 4 hour chart shows price compressing upward into a wide grey resistance band, which has capped several attempts to push higher. SOLUSDT Spot 4H. Source: Elja (@Eljaboom) The chart marks that grey zone…

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Filed under: News - @ February 16, 2026 9:23 am