$SOL has carved out a clean double top and is now pressing directly into the neckline at 67.25, where the breakdown is set to begin.
Why This Level Matters: The rally stalled twice at the 75 supply zone, leaving a clear double top in place. Price has already filled the weekend gap and is now sitting on the 67.25 neckline. Lose this level and the structure flips bearish.
Gameplan / Primary Scenario: We sell the break of 67.25 and target the 61 demand zone below. A clean close beneath the neckline confirms the breakdown and opens the door for continuation lower toward 60.97. Until that break prints, we stay patient and let price tip its hand.
#SHIB remains bearish on the monthly chart after failing to hold higher levels. The nearest support is
around 0.00000405–0.00000460. If buyers defend this zone, a relief rally toward 0.00000550–0.00000650 is possible. A break below 0.00000405 could
lead to further downside. Momentum indicators on higher timeframes still favor caution until price forms higher highs and higher lows. For traders, waiting for confirmation above resistance is generally lower risk than buying during a downtrend. Because SHIB is a meme token, expect large price swings and manage risk carefully