SOL 4H – Rounded Bottom Forming, But Will It Break the Neckline?

Solana may be completing a rounded bottom formation on the 4H chart — a classic reversal pattern that often signals a shift from distribution to accumulation. After a deep pullback from July highs, SOL has carved out a smooth base with clear curvature, now pressing into the neckline resistance around $169–$171.

The structure resembles a full cycle: a rounded top leading into a rounded bottom — a potential "cup" formation. With Stochastic RSI pushing into overbought territory, we’re approaching a key decision point.

🔍 Key Factors:
– Rounded bottom structure shows controlled re-accumulation
– Neckline acting as current resistance (watch for breakout)
– Break + retest could trigger the next leg toward $185–$190
– Failure to break may lead to chop or retrace toward $158–$160

This pattern often precedes explosive continuation if volume confirms the breakout.

Will SOL confirm the reversal — or is this just another trap?

👇 Comment your thoughts below.