Solana is printing a textbook cup & handle formation on the daily, and price is now pressing against the neckline resistance near $185, just below the psychological $200 zone.
This structure reflects months of accumulation and rising momentum. A confirmed breakout above the $185–$199 resistance would likely trigger the next upward leg.
This setup signals trend reversal continuation, and if SOL closes above $199 on high volume, momentum traders may pile in quickly.
📌 Invalidation below $150 = pattern risk-off.
This structure reflects months of accumulation and rising momentum. A confirmed breakout above the $185–$199 resistance would likely trigger the next upward leg.
This setup signals trend reversal continuation, and if SOL closes above $199 on high volume, momentum traders may pile in quickly.
📌 Invalidation below $150 = pattern risk-off.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.