- SOL forms inverse H&S with $143 target in sight
- $125 support holds as Solana rally gains traction
- Volume rise and RSI boost SOL breakout chances
An Inverse Head & Shoulders pattern is currently unfolding on the $SOL 4H chart. If confirmed, the setup could propel the price toward a target of $143. With Solana reclaiming key technical levels and volume building, traders are watching this formation closely as momentum begins to shift.
Solana Gains Bullish Momentum After Reclaiming Critical Levels
According to analysis prepared by Big Cheds on X, Solana has “triggered a long thesis” after reclaiming the $125 resistance zone and breaking above the 4-hour 200 MA and EMA. The price is now stabilizing above $129, with intraday movement briefly pushing past $133.
This shift in trend is supported by a bounce from the $95 low and a 40% increase in price since early April.Analyst Momin noted that Solana’s breakout above the upper descending trendline on the daily chart suggests improving strength.
He stated that “a weekly close above $120” could initiate a move toward $180. His analysis was echoed by Ansem, who forecasted a possible multi-week rally if key levels continue to hold.
On-Chain Metrics and Pattern Formation Support Upside Outlook
The Inverse Head & Shoulders pattern forming on the 4-hour chart is gaining attention. If the neckline is broken with strong volume, the pattern suggests a potential move toward $143. This aligns with Solana’s recent move through the Keltner Channel midline and approaches toward its upper range at $145.37.
Data from CoinMarketCap shows that Solana’s open interest rose by 8.13%, while short liquidations totaled over $14 million in 24 hours. The MACD also registered a bullish crossover, and RSI at 51.89 reflects a neutral-to-bullish stance. Meanwhile, the Chaikin Money Flow turned slightly positive, indicating improving capital inflows.
According to analyst Lingrid, Solana has exited a falling channel and is poised for further growth if price action remains above the $125–$128 support zone. With the current technical pattern unfolding, analysts remain focused on whether $143 can be reached in the near term.
