Another interesting setup spotted on the charts! Using the Wedge & Triangle Detector, SOL is currently sitting at a critical juncture.
🔎 Technical Highlights:
SOL broke down from a large wedge formation but is now attempting to reclaim key levels.
Vector & Magnitude Analysis: Neutral to slightly bullish — indicating the market pressure is balancing out, setting up for a potential next move.
Immediate Resistance: ~295 USDT (long-term breakout line).
Support Levels: Watching 85-110 USDT as a key demand zone if downside pressure persists.
💥 What's Next?
A successful reclaim above the red resistance vector could push SOL into a new bullish trend, targeting 400-700 USDT in a longer timeframe.
Failure to regain strength could retest lower wedge supports first before any larger reversal.
🧠 Key Takeaway: SOL is at a make-or-break point. Keep an eye on volume, structure, and vector pressure shifts over the coming weeks. Big moves often happen after long compression phases like this!
#Crypto #SOL #SOLUSDT #WedgeBreakout #TradingView #TechnicalAnalysis #CryptoCharts #Altcoins
🔎 Technical Highlights:
SOL broke down from a large wedge formation but is now attempting to reclaim key levels.
Vector & Magnitude Analysis: Neutral to slightly bullish — indicating the market pressure is balancing out, setting up for a potential next move.
Immediate Resistance: ~295 USDT (long-term breakout line).
Support Levels: Watching 85-110 USDT as a key demand zone if downside pressure persists.
💥 What's Next?
A successful reclaim above the red resistance vector could push SOL into a new bullish trend, targeting 400-700 USDT in a longer timeframe.
Failure to regain strength could retest lower wedge supports first before any larger reversal.
🧠 Key Takeaway: SOL is at a make-or-break point. Keep an eye on volume, structure, and vector pressure shifts over the coming weeks. Big moves often happen after long compression phases like this!
#Crypto #SOL #SOLUSDT #WedgeBreakout #TradingView #TechnicalAnalysis #CryptoCharts #Altcoins
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