Is Solana making a comeback? Technical patterns suggest a surge window may open by the end of May!

SOL's recent price trend has been stable, hovering around the $149 mark, with bulls beginning to brew a new offensive. The technical chart reveals a classic 'inverse head and shoulders' pattern, closely aligning with Bitcoin's movement, indicating potential for significant upside. If it successfully breaks the neckline at 0.00162 BTC, the target could point directly to $205, representing a 26% increase.

Trader Josh Olszewicz notes that SOL is forming the right shoulder; if the cloud chart completes its compression by the end of May, a bullish breakout may become unstoppable. In the short term, $152 is a key resistance level; if broken, it will ignite a new wave of gains, pushing towards $155 and even $165.

Conversely, if it cannot hold the support at $145, it may pull back to $138. While the technicals are strong, MACD and RSI indicate that momentum has not fully released, and the market may experience short-term consolidation, with long-term breakout opportunities still present. Whether SOL can shine again depends on the breakout in the coming weeks!