$SOL Trend Reversal in Motion Bulls Regain Control After Prolonged Downtrend

After weeks of consistent selling pressure, $SOL has bounced sharply from the $160 support zone and is now pushing above recent resistance on the 4H chart. With a strong green candle and rising volume, this could mark the beginning of a bullish reversal phase.

LONG Trade Setup:

Entry Zone: $165.00 – $167.00

Stop Loss: Below $160.00

Target 1 (TP1): $172.50

Target 2 (TP2): $179.00

Target 3 (TP3): $185.50

Market Insight:

This reversal isn’t just a bounce — it’s a structural shift. After forming a higher low and breaking a descending trendline, $SOL is building a foundation for a potential breakout. RSI is climbing, and buyer pressure (47%) is increasing steadily. The next leg higher depends on a clean hold above $165.