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...
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