$SOL just broke a descending wedge that had capped every rally attempt since February, ripping from the mid $70s to $101 in a matter of sessions on clearly expanding volume.
🎁 giving away to 2 lucky winners, just comment below to enter.
This wasn't a slow reclaim. The breakout candle cleared both the wedge trendline and the psychological $100 level in the same move, which is the kind of confirmation that separates a real structural shift from a temporary short squeeze. The prior four months of price action built a textbook falling wedge, lower highs compressing into lower lows, exactly the kind of base that precedes a sharp reversal once the trendline finally gives way.
$76 to $80 is now the level that matters most. That was resistance for weeks before the breakout, and if SOL holds it as support on any retest, this confirms as genuine trend reversal rather than a blow off spike destined to fade. The measured move off the wedge width projects toward the $140s if momentum continues at the same pace as the initial breakout leg.
Volume profile backs the move too. This wasn't a low liquidity wick through resistance, real size came through on the push above $95, the kind of participation that tends to draw in trend followers rather than get immediately faded.
$SOL #Solana #Crypto
This is just my personal opinion, not financial advice.
🎁 giving away to 2 lucky winners, just comment below to enter.
This wasn't a slow reclaim. The breakout candle cleared both the wedge trendline and the psychological $100 level in the same move, which is the kind of confirmation that separates a real structural shift from a temporary short squeeze. The prior four months of price action built a textbook falling wedge, lower highs compressing into lower lows, exactly the kind of base that precedes a sharp reversal once the trendline finally gives way.
$76 to $80 is now the level that matters most. That was resistance for weeks before the breakout, and if SOL holds it as support on any retest, this confirms as genuine trend reversal rather than a blow off spike destined to fade. The measured move off the wedge width projects toward the $140s if momentum continues at the same pace as the initial breakout leg.
Volume profile backs the move too. This wasn't a low liquidity wick through resistance, real size came through on the push above $95, the kind of participation that tends to draw in trend followers rather than get immediately faded.
$SOL #Solana #Crypto
This is just my personal opinion, not financial advice.
