Is Solana SOL About to Spring Its Nastiest Bear Trap Yet?

Solana’s chart is sending mixed signals that could punish traders on the wrong side.

A crowded head-and-shoulders setup and a recycled RSI capitulation level now raise the risk of a sharp break.

Crowd-Watched Solana Pattern Risks Upside “Bear Trap”

Solana sits on a major weekly support zone while traders fixate on a textbook head-and-shoulders pattern.

Analyst CryptoCurb warned that it “would be a real shame” if the formation breaks upward just as short sellers lean into the bearish setup.

Solana Head and Shoulders Bear Trap Comparison. Source: CryptoCurb

On the weekly SOL/USD chart, price has carved out a left shoulder, head, and right shoulder against a horizontal base near the $130 area.

Many traders view a clean breakdown below that neckline as confirmation of a larger bearish reversal.

However, the chart overlay shows a similar pattern from the 2010 S&P 500 that failed, trapping bears before a sustained rally.

Curb’s comparison highlights the risk that Solana could repeat that script. If the token holds the green support band and turns higher, the invalidated pattern could fuel a squeeze, forcing late shorts to cover.

The sketched projection on the chart outlines a potential move back toward the $260–$320 region if buyers regain control from this support line.

Solana RSI Drops Back to 2023 Capitulation Zone

Solana has fallen to relative-strength levels last seen at its 2023 bottom, when SOL traded near $13, according to WebTrend.

The 3-day chart shows the RSI line touching the same oversold band that preceded the token’s major reversal last cycle.

Solana RSI Cycle Comparison. Source: WebTrend

At the same time, SOL changes hands around $143 on Coinbase, far above that prior low.

The divergence between today’s price and the old RSI floor highlights how aggressively momentum has cooled despite Solana holding a much higher level on the chart.

Traders now watch whether this repeated RSI print marks another medium-term bottom or simply signals that selling pressure remains intense.

The previous occurrence in mid-2023 came just before Solana began its long climb from double-digit prices into the current range.