SOL Reversal Structure Forming Inside Downtrend Channel

[cryptohog]

Hi!

Solana is trading inside a well-defined descending channel, but momentum is shifting. Price has broken the inner descending trendline and is now forming a clear inverse Head & Shoulders at the bottom of the structure.

The neckline zone has been tested multiple times, showing growing buyer strength. As long as price holds above the right-shoulder support, the structure favors a bullish continuation.

A breakout above the neckline opens the way toward the upper boundary of the main descending channel, with the next key reaction zone near $155–160. Failure to hold the right shoulder would delay the reversal and pull the price back toward mid-channel support.

[Nahid Hossen]

SOL’s structure suggests early reversal signals, but the broader trend is still key.