Solana falls to $67 as analysts flag deeper downside

Solana’s SOL has dropped 38% over the last 30 days, falling to a two-year low of $67 on Friday. Multiple analysts believe the downside is not over for the seventh-placed cryptocurrency, with downward targets extending as low as $30. SOL has already lost over 72% of its value since a cycle top of around $295 in January 2025 and has confirmed a head-and-shoulders pattern on multiple time frames.

Bitcoinsensus said, "Solana has confirmed a breakdown from this macro Head & Shoulders pattern," adding, "The target could be as low as $50 per $SOL." Analyst Nextiscrypto described it as "a classic head and shoulders pattern with a measured move to $45," while pseudonymous analyst "Shitpoastin" said a "massive head and shoulders" on the monthly chart leaves "nothing but air until $30." The two-day candle chart shows SOL broke below the H&S neckline at $120 on Jan.

30, and the measured target of the pattern is $57, a 32% drop from the current level.

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