Solana Monthly Chart Triggers Repeat Sell Signal Concerns

Solana's monthly chart has raised concerns among analysts about the cryptocurrency's ability to sustain prices above $300. The chart shows heavy overhead supply and cyclical demand, which may contribute to further declines. According to Greenytrades, Solana could struggle to reclaim and hold levels above $300 due to token inflation and steady sell pressure.

The monthly SOLUSD chart highlights a wide gray supply band below the prior peak zone, where candles previously rejected and turned lower. This area marks a visible overhead region that sellers defended before the latest downtrend accelerated. Meanwhile, price now approaches a lower gray region labeled as a monthly fair value gap, which often acts as a magnet during retracements.

Ali Charts flags repeat sell signals on $SOL monthly chart as price revisits prior cycle structure. The chart mirrors past cycles, with price approaching a gap area that may influence its behavior. According to Ali Charts, the current setup is similar to the earlier cycle rhythm, which raises questions about whether this pullback will remain a standard cycle reset or develop into a deeper trend shift.