$SOL's 4-hour chart shows a Falling Wedge pattern

SOLUSDT

SOL's 4-hour chart shows a Falling Wedge pattern—get ready for a bullish breakout! 🚀

• Falling Wedge, sloping downward with converging trendlines

• Price has respected both upper and lower bounds of the wedge with multiple touches

• SOLANA corrected from a high of $206 down to the wedge’s base near $174-$176

Latest candle shows buying pressure at the wedge support, hinting at a potential bounce


Support Zone: $174 → $176 (bottom of the wedge)

Resistance to Watch: $184 (upper wedge line), followed by breakout level at $188

Breakout Confirmation: Clean close above $188 on solid volume


📈 Probable Scenarios:

Bullish: Breakout from the wedge could lead to a move back toward $195-$200

Bearish: Rejection at upper wedge line could push price back to test $174 again

Wedge formations after extended rallies often act as bullish continuation patterns. If momentum picks up, SOL could trigger a short squeeze rally above the $190 mark.