$SOL
♦️ Solana Price: Cup-and-Handle Breakout Followed by Channel Retest ♦️
On the 4-hour chart, SOL confirmed a bullish breakout from the cup-and-handle pattern, with the handle forming a descending channel that resolved upward. This breakout surged the Solana price above $180, but was met with supply pressure near previous daily highs. Price is now consolidating above the channel’s upper boundary, which has flipped to support around $167–$170.
The daily chart also shows SOL retesting a significant resistance-turned-support zone at $168–$170, coinciding with the neckline of the multi-week base formation.