SOL has climbed back above the $150 mark, showing signs of building strength and momentum. This recovery suggests that the market is absorbing selling pressure. If this upward momentum continues, SOL could be poised for further gains.
Despite the generally bearish structure, the chart has shown a bounce off this support, suggesting a temporary reversal. On the upside, resistance near $155 remains a crucial hurdle.
This area is considered a potential reversal zone. The presence of this harmonic pattern at a critical extension, combined with price action, indicates that a bullish reversal could be underway. If the pattern holds, upside targets are projected in the $180 to $190 range.
