“The head and the shoulders” predicts the rise in the price of Solana to 219 dollars

The price of Solana continues to move between the bullish and overwhelming momentum without resolving a clear trend, with the repetition of tests for resistance and support levels without decisive results, which led to the formation of the head and shoulders model on the graph.

This artistic composition opens the door to potential scenarios that can significantly affect investors.

A technical signal for a possible rise

Technical analyst Melikatrader explained that Solana has completed the formation of the head and shoulders model on the daily graph, and although this model may indicate any of the two directions, the last price movement tends to increase the possibility of a wave of rise.

After forming the left shoulder, head and right shoulder, the neck line became the next decisive factor, and it was broken after the price dropped below the level of $ 160.

Re -test the neckline

The scenario is now likely to rise the price to re -test the neckline, and if it succeeds in restoring it, a wave of a height of about 200 dollars may begin.

A rising trend supported by the direction line

The trend lines indicate that the Solana currency is moving in an upward path with recording higher peaks, which is a positive indication even with weak public morale in the market.

If this pattern continues, the probability of continued ascension will increase, and the price may reach the expected goal at 219.84 dollars as long as the momentum continues.

The opposite scenario and critical advocacy

In the event that the price fails to stabilize over the neck line, it may decrease to test lower support levels, and the level of $ 136.34 is one of the most important areas that can provide a good purchase opportunity if a decline occurs.