Solana Breaks Out of Inverse Head & Shoulders Pattern, Reaches New High

Solana (SOL) has formed a clear inverse head and shoulders pattern on the 4-hour chart. This bullish reversal is supported by price holding above its neckline near $185, indicating strong buying pressure. The breakout towards the $200 mark could propel gains towards $220-$230 levels. Analysts cite expanding DeFi applications and increased institutional investments as key drivers for this surge.