Hi!
Solana is trading inside a well-defined descending channel, but momentum is shifting. Price has broken the inner descending trendline and is now forming a clear inverse Head & Shoulders at the bottom of the structure.
The neckline zone has been tested multiple times, showing growing buyer strength. As long as price holds above the right-shoulder support, the structure favors a bullish continuation.
A breakout above the neckline opens the way toward the upper boundary of the main descending channel, with the next key reaction zone near $155–160. Failure to hold the right shoulder would delay the reversal and pull the price back toward mid-channel support.
Solana is trading inside a well-defined descending channel, but momentum is shifting. Price has broken the inner descending trendline and is now forming a clear inverse Head & Shoulders at the bottom of the structure.
The neckline zone has been tested multiple times, showing growing buyer strength. As long as price holds above the right-shoulder support, the structure favors a bullish continuation.
A breakout above the neckline opens the way toward the upper boundary of the main descending channel, with the next key reaction zone near $155–160. Failure to hold the right shoulder would delay the reversal and pull the price back toward mid-channel support.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
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My recommended Exchange -> YEX: bit.ly/YEX-M
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Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
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Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
