Solana (SOL) continues to strengthen its position, breaking above key technical resistance and holding strong above $160, confirming its bullish trend.
Trend Reversal After Inverse Head and Shoulders
SOL has decisively confirmed the trend reversal by breaking above the $160 resistance level. This occurred after the completion of an inverse head and shoulders pattern, finalized in April 2025 after a rebound from the $100 support level. Traders are now eyeing price targets at $242.99, $276.04, and $307.54.
Volume Support for Bullish Sentiment
Volume levels surged during critical moments—particularly during the April breakout and the March bottom. This confirms strong buyer presence at market inflection points. The increased interest around these levels enhances the credibility of the breakout, as seen in the 2-day timeframe.
Forecasts and Target Levels for SOL
Given the current trends, the first major target is $242.99, about 45% higher than current prices. If momentum continues, SOL could reach $276.04 and then $307.54 by mid-to-late summer. However, any dips back to $150–$160 may present strategic buying opportunities.
Thus, Solana shows signs of sustained growth and investor confidence, potentially leading to further price increases in the coming months.
