Solana Break $185 Neckline, Eye On $220–$230 Rally
Solana (SOL) don form one textbook inverse head and shoulders pattern for im 4-hour chart, wey mean say e fit go up. After di right shoulder complete for middle of August, SOL climb pass the $185 neckline, wey get support from 9-period EMA and 50-period SMA wey dey come together. Di volume confirm say breakout really happen. Di price reach $210 small before e hold back go the $185–$188 support zone, wey now be strong base. If e fit hold above $200 steady, e fit push SOL go $220–$230. But if SOL no fit hold $185, e fit fall near $170–$175. Traders suppose dey watch the $185 support and $200 resistance to manage their risk and confirm say the upward move go continue. Key technical levels: $185 (support), $200 (resistance), $220–$230 (target).
Bullish
Di inverse head and shoulders na pattern na be well-known for bullish reversal. SOL breakout pass di $185 neckline, wey dem confirm with rising volume and di 9-hour EMA and 50-hour SMA wey conjoin, dey show like di past wey clear pattern breakout fit lead to big rallies. Short-term pullback go di $185–$188 zone dey strong support. If e move pass $200 resistance wey dem don test many times, e go confirm buying go continue, and e fit carry price go $220–$230 level. For past times, Solana don react well to similar technical setups, momentum traders and algorithmic funds dey open position when confirmation show. Overall, di join of pattern, volume, and moving average support dey give bullish short-term outlook, and $185 threshold go be critical to keep di upward momentum.