Solana is showing signs of a potential bullish breakout after breaking out of the descending trendline and forming a clean structure
Key Observations:
Price broke out of the descending trendline with strong momentum.
A potential inverse head and shoulders pattern has formed supporting the bullish outlook
Currently trading around $123.90 price is facing minor consolidation
Two scenarios to watch:
A short-term pullback to the ascending trendline or support zone around $112.40 followed by a bullish continuation.
A direct continuation toward the upper resistance around $136.14 without a major pullback
Resistance Target: $136.10
Support levels 112.40–102.70
If bullish momentum continues and price respects the trendline Solana could make a move toward the $130–$136 zone
Plan your trades, manage your risk. This is not financial advice...
Key Observations:
Price broke out of the descending trendline with strong momentum.
A potential inverse head and shoulders pattern has formed supporting the bullish outlook
Currently trading around $123.90 price is facing minor consolidation
Two scenarios to watch:
A short-term pullback to the ascending trendline or support zone around $112.40 followed by a bullish continuation.
A direct continuation toward the upper resistance around $136.14 without a major pullback
Resistance Target: $136.10
Support levels 112.40–102.70
If bullish momentum continues and price respects the trendline Solana could make a move toward the $130–$136 zone
Plan your trades, manage your risk. This is not financial advice...
Trade closed: target reached
1,000pips target reached 134.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.