Technical analysis by Jack-Mastermind about Symbol SOL on 5/3/2025

After a long period of price compression within a parallel descending channel we have now witnessed a Break of Structure (BOS) to the upside, signaling a potential trend reversalKey ObservationsParallel Channel Breakout The price broke out of the descending channel with strong bullish momentum.BOS (Break of Structure): Confirmed at the lower end, initiating a shift in market sentiment.Consolidation Zone Price is currently ranging between 148.45 and 157.53 building strength for the next moveSupport Levels: Key support zones identified at 142.40, 136.75, and 129.89Resistance Levels: Potential targets sit at 157.53, 165.80, and 178.51Possible Scenarios1. Bullish Breakout ScenarioIf price holds above 148.45 and breaks out of the current consolidation zone, we may see a strong push towards 157.53, then 165.80, and potentially 178.51.Ideal entries could be sought on a confirmed breakout retest of the 148.45–157.53 zone.2. Bearish Pullback Scenario:If price fails to hold 148.45, we may revisit the support zones, especially 142.40 and 136.75, for possible buy opportunities from lower.1st Target Successfully Achieved!Hard work, focus, and a never-quit attitude brought us here — and this is just the beginning!Today, we celebrate the first milestone on a long journey of growth, goals, and greatness.This win is not just a number — it's a reminder that we're on the right path.To everyone who believed, supported, and pushed — THANK YOU.The fire is lit, and we're only going up from here.Bigger goals ahead. Bigger dreams to chase.Let’s keep grinding, stay humble, and aim higher than ever.