Technical analysis by SupertradeOfficial about Symbol SOL: Buy recommendation (5/28/2025)

The chart presents a clean bullish reversal from the previous downtrend observed between February and early April. After breaking the long-term descending trendline, Solana (SOL) flipped structure and has been printing higher highs and higher lows, signaling a transition into an uptrend.This is reinforced by the ascending blue trendline that currently acts as a dynamic support. Each price correction respects this trendline, showing that buyers are defending higher levels.✅ Key Technical Justifications for Bullish Bias1.Break of DowntrendThe long-term descending trendline from the February highs was broken decisively.This signifies a trend reversal, which has since seen SOL push into a new bullish channel.2.Strong Higher LowsPrice has been consistently making higher lows, respecting the blue uptrend line.This price behavior confirms increasing bullish momentum.3.Support Level HoldingThe horizontal support around $96.59 was respected during the reversal.This base forms the foundation of the bullish wave we’re seeing now.4.Bullish Price CompressionAfter a strong impulsive rally, SOL has entered a consolidation just above the trendline.This resembles a bullish flag or pennant, typically a continuation pattern.5.No Major Resistance Until $260+The nearest strong resistance sits around $262.56, which aligns with a previous breakdown zone and coincides with your take-profit (TP) zone.With no serious resistance in the $200–$250 range, price can climb smoothly once bullish continuation triggers.📊 Trade Setup (Long Position)•Entry: Around $174.30 (current market zone as per chart)•Stop Loss (SL): $145.00 (Below recent swing low and dynamic support — gives the trade breathing room)•Take Profit (TP): $262.56 (Aligned with horizontal resistance and measured move target)Risk-to-Reward Ratio: 2.91Potential Reward: +50%Potential Risk: -17%This trade setup is not only favorable from a risk/reward standpoint but also follows price structure, trend, and technical confirmation.🧠 Final ThoughtsSolana (SOL) on the daily chart has shifted into a clearly bullish phase after a textbook breakout from its multi-month downtrend. The current setup shows a healthy trend structure, room for price expansion, and favorable technicals across the board. The next key breakout will likely occur above $180, and that can send SOL quickly into the $240–$260 range. If you're looking to ride a swing position into Q2-Q3, this is one of the cleaner long setups currently on major altcoins.