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

🧠 Technical Analysis (SOL/USDT – 4H Timeframe) 🔍 Pattern Identified: Inverse Head & Shoulders Left Shoulder: Around $137 Head: Dipped to ~$126 Right Shoulder: Formed around $135 Neckline Breakout: Successfully broken near $148–$150 zone This classic bullish reversal pattern indicates a potential trend shift from bearish to bullish. 📈 Trend & Channel The 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 neckline Price holding above neckline now acting as support ⚠️ Risk Note: A retest of the breakout zone ($148–$150) can occur before moving higher Invalid if SOL drops back below neckline and fails to hold above $145 support zone