Technical analysis by RajaSaien about Symbol SOL: Buy recommendation (6/29/2025)

🧠 Technical Analysis (SOL/USDT – 4H Timeframe)🔍 Pattern Identified: Inverse Head & ShouldersLeft Shoulder: Around $137Head: Dipped to ~$126Right Shoulder: Formed around $135Neckline Breakout: Successfully broken near $148–$150 zoneThis classic bullish reversal pattern indicates a potential trend shift from bearish to bullish.📈 Trend & ChannelThe price was previously trading inside a descending parallel channel (marked in yellow).The breakout from the upper channel boundary confirms strength and momentum shift.🚀 Price Targets (Resistance Levels Ahead):$158.36 – First resistance level (short-term target)$168.52 – Mid-level resistance (medium-term)$187.56 – Key resistance (long-term target area)✅ Bullish Confirmation:Breakout with volume from both descending channel and head & shoulders necklinePrice holding above neckline now acting as support⚠️ Risk Note:A retest of the breakout zone ($148–$150) can occur before moving higherInvalid if SOL drops back below neckline and fails to hold above $145 support zone