Solana (SOL) Forms Inverse Head and Shoulders Pattern as Price Holds Above $185

Solana (SOL) price forms a clear inverse head and shoulders on the 4H chart.

The neckline breakout near $185 shows bullish momentum supported by moving averages.

A move above $200 could extend gains toward $220–$230 levels.

Solana (SOL) price has established a bullish reversal pattern on the 4H chart, holding above its neckline zone. The token trades at $187.95 as of writing, reflecting a 1.53% gain in 24 hours and 3.70% growth over seven days.

Breakout Confirmation and Pattern Formation

The 4H chart shows a textbook inverse head and shoulders formation. A left shoulder developed in late July, followed by a deeper head in early August. The right shoulder aligned with a neckline break in mid-August, signaling renewed upward momentum for Solana.

According to Alpha Crypto Signal (@alphacryptosign), the neckline has been tested and broken successfully, showing a change in trend direction. This technical breakout suggests that sellers have lost control, while buyers continue to push prices above resistance.

Source: Alphacryptosign via X

The neckline zone between $185 and $188 now serves as a crucial support area. The 9 EMA at $188.75 and the 50 SMA at $186.96 are converging near the same region, offering dynamic support for price stability.

Consolidation Near Neckline Support

After the breakout, Solana approached a position of $210 but did enter a retracement period. The pullback has found its way back to and around the neckline region, a confirmation that it acts as a support line. It is a consolidation that enables traders to reevaluate until the next price dynamics.

Volume trends add credibility to the breakout, as higher trading activity supported the neckline move. Market participants are closely watching whether SOL can maintain this level while preparing for further continuation.

The presence of EMA and SMA near the neckline reinforces stability. As long as the price holds above $185, the reversal structure remains valid and continues to favor buyers.

Key Levels to Watch Ahead

The short-term resistance lies around the $200 mark, which has now been the most important point of bullish continuation. A follow-up break above this will add to the rally to the $220 230 area, consistent with the anticipated break out of the inverse head and shoulders formation.

In case the price does not maintain itself above $185, the downside risks arise, and the down trends may be retested back at the levels of $170-175 supports. But the tight current momentum, chart patterns, and moving averages imply that further increase is more likely.

Exquisite market watchers await to see what happens to Solana as it tightens on its neckline. Traders are now monitoring the $200 level to confirm whether bullish strength will sustain and open room for continuation.

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