Solana Forms Major Bullish Reversal Pattern: Key Resistance Ahead

Is Solana (SOL) on the verge of a major breakout? All eyes are on SOL’s ability to overcome key resistances and drive a bullish trend, as Bitcoin and other top altcoins hover near crucial levels. SOL has surged 45% in the last 30 days, breaking out of a falling channel and forming an inverse head and shoulders pattern. This pattern points towards a bullish reversal if breached successfully.

Track Solana's latest price action and potential future movements. SOL was on an upward trajectory since June before 24 de sept. de 2025 and recently broken out of its descending channel, spiking 5.4% in the last 24 hours. Developments, including China’s $138

From a technical perspective, SOL appears to be consolidating, but bullish signs are emerging. Particularly, in an X post on August 1, Ali Martinez pointed out that Solana appears to be forming a bullish megaphone pattern on its four-hour chart. Notably, the bullish pattern combined with the inverse head and shoulders suggests significant upside potential.

The 4-hour chart reveals a 6 de sept. de 2025 After initially breaking out of the wedge to the upside, SOL now appears vulnerable to a reversal. If this pattern holds, Solana could see its price drop to the bottom of the consolidation range. However, the bullish reversal pattern suggests a different outcome.

From a technical perspective, SOL appears to be consolidating in a tight range between $143.5 and $154 over the past two weeks, following a breakout above the key. This level represents a key demand zone that previously acted as resistance, signaling a potential for higher gains if the price holds steady. A continued hold above $171 will further solidify the bullish outlook. Critical resistance levels are in focus as SOL aims for a major breakout. Stay tuned for updates on Solana's price movement and potential for further gains.