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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.