Recently, a senior analyst discovered that the daily chart of Solana (SOL) is showing a striking technical pattern. This pattern, known as the "head and shoulders" formation, typically indicates that a significant price movement is imminent, and for SOL, this could mean that a bullish trend is on the horizon.

Specifically, the price of SOL previously broke below the key support level of around 160 USD, known as the "neckline." However, market sentiment seems to be improving, and the price is expected to challenge this key level again. If SOL can successfully break through and hold above the neckline, we may see a strong upward movement, with potential target prices reaching 200 USD, or even higher in the 219 USD range.

It is worth noting that, from a technical perspective, the recent lows of SOL are gradually rising, indicating that buying strength is steadily increasing. The continuation of this trend will undoubtedly provide strong support for the rise of SOL.

However, investors also need to remain cautious. If SOL fails to effectively break through the neckline resistance, the price may continue to look for support below. In this case, the area around $136 could become a key buying opportunity, as this price level is likely to be the starting point for a rebound.

Overall, the technical aspects of SOL are showing positive signals, but the market direction still requires close attention from investors. Whether it breaks upward or continues to adjust, the future trend of SOL will have a significant impact on the cryptocurrency market.