SOL Technical Alert: Head & Shoulders Playing Out After the Rally to $116
SOL is printing a high-confidence (88%) Head & Shoulders on the 30-minute chart with the Left Shoulder near $105.15, Head at $105.72, and Right Shoulder near $104.81 — the neckline sits at ~$98.95. Price has since rallied sharply to the current $116.59 area, which is pressing into the hard resistance zone at $117.11 identified by the algo. Critically, RSI is overbought at 74.3 and MACD is in bullish momentum but decelerating (histogram +0.23), a classic exhaustion setup ahead of a potential reversal. Two prior H&S cycles on this same chart played out as wins, and the outcome projection replays that best historical path — a brief grind higher toward $117.93–$118.07 before sellers absorb and price rolls over toward the $112.16 measured-move target.
