Technical analysis by Trade_Hive_Signals about Symbol SOL: Buy recommendation (8/10/2025)

Technical structure and patterns On the daily chart, SOL has formed an inverse head and shoulders pattern, a classic reversal pattern. A breakout above the neckline with increasing volume could lead to a move to $247.71. However, weak demand could jeopardize this scenario, triggering a fall even to $138.05. The asset has grown by 18% in a week, reaching $181, but there are liquidation clusters and strong resistance at $184–185. A breakout of this range could accelerate growth, with a possible surge to $256. Support and resistance levels Resistance: The key zone is $180–184, a breakout of which would open the way to growth. Support: Important zones are $153–143, where cumulative activity was previously observed. Network background and volume dynamics The number of tokens on exchanges has decreased by almost 10%, which indicates a decrease in selling pressure. A "golden cross" is also forming between the 100- and 200-day EMAs - a bullish signal with target levels above $176. Earlier, SOL rebounded from the support zone around $160 and is moving towards a breakout of $175. The further trajectory - growth or consolidation - will depend on how the price behaves at the border around $175.TP 1