$SOL update – annual and monthly structure

Previously, my outlook for Solana was more optimistic, expecting higher prices toward the end of 2025. At present, the technical picture looks more dramatic.
On the annual chart, SOL usually forms very wide yearly ranges. The 2025 red candle with an ATH at 295.83 weakens the bullish case.
On the monthly chart, a clear head-and-shoulders structure is visible, with the neckline around 126.30. The downside projection of the last shoulder intersects with the gap zone and suggests potential continuation below the 78% Fibonacci retracement of the 8.00–295.83 range.
To the upside, price may meet resistance in the gap zone between 146.91 and 168.79.
I will be watching the neckline area closely — price behavior here may decide which scenario plays out.
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