Coinpaper 2026-02-17 11:35:35

Solana Charts Clash as $1,000 Megaphone Call Meets Fresh Breakdown

Solana’s weekly chart attracted fresh attention after an analyst mapped a megaphone setup that points to a move above $1,000. However, a separate chart showed the latest weekly close confirming a breakdown below a former range floor, shifting focus to resistance tests. Solana Weekly Chart Highlights Broadening Pattern as Analyst Maps $1,000 Path A weekly Solana Tether chart shared by X user CryptoCurb showed SOL trading near $87.29 on Binance on Feb. 15, 2026, with price pressing toward a rising support line. The TradingView snapshot framed the move inside a broadening formation, often labeled a megaphone pattern, defined by two diverging trendlines that widen across multiple swings. SOL TetherUS 1W Binance. Source: CryptoCurb on X The chart marked several prior rallies that reached the upper boundary and then reversed, highlighted with red markers near earlier peaks. It also showed multiple pullbacks that stabilized at the lower boundary, indicated by green markers, including the latest dip into early 2026 as price tested the lower trendline. CryptoCurb overlaid a forward projection that begins with a rebound from the lower boundary, then a rapid advance through the mid range and into the upper trendline. The projected path extends into 2027 and includes a label above $1,000, while the accompanying post described the setup as favorable and included the hashtag “SOLANA. Solana Weekly Close Signals Breakdown Below Former Range Support A Solana U.S. dollar daily chart shared by X user WebTrendCo on TradingView showed price completing a weekly close below a long-held support band that had contained trading through late 2025. The chart framed the move as a decisive loss of the prior range floor, with price transitioning from sideways structure into a clear downtrend marked by lower highs and lower lows. Solana U.S. Dollar 1D Coinbase. Source: WebTrendCo on X The visual also showed repeated rejections from an overhead supply zone in the mid-range during earlier rebounds. Those rallies stalled near the same resistance area before sellers regained control. After the latest failure, price rolled over and accelerated lower, confirming that the former range low no longer acted as support and now sits above price as resistance. Trend indicators on the chart reinforced the shift. Price moved below short-term and medium-term moving averages, which turned lower and tracked the downswing. The sequence of successive red candles into the weekly close signaled sustained selling pressure rather than a single-session move. The post from WebTrendCo said the market could revisit prior range lows to test new resistance and clear short positions before any broader shift in structure.

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