🔥Solana’s $249 Breakout in Sight? Head & Shoulders Pattern Fuels Bullish Buzz
Solana ($SOL ) has been locked in a tug-of-war between bulls and bears, but its latest chart setup is catching trader attention. The formation of a head-and-shoulders pattern has created a pivotal moment — one that could dictate the next big move.
🔹 Key Levels in Play:
Neckline Break: SOL slipped under $160, breaking its neckline. A successful reclaim of this zone could trigger a strong rally toward $200.
Final Target: If momentum holds, technical projections point to a $249 breakout.
Bearish Risk: Failure to reclaim the neckline could send SOL toward $136.34, a zone that has historically acted as strong support.
📈 Bullish Signs Building:
Consistent higher lows are reinforcing an upward trendline.
Market sentiment, though mixed, leans optimistic as buyers step in on dips.
The $SOL price has been resilient despite broader crypto volatility, suggesting underlying strength.
🔍 Analyst View:
“Price action shows potential for a sustained push higher. The $249 target aligns with the measured move from the head-and-shoulders breakout, and reclaiming the neckline is key to unlocking that run.”
💡 Trade Takeaway: Watch for a decisive neckline retest — it’s the trigger that could determine whether SOL sprints toward $249 or dips to reload from lower support.
