SOL / TetherUS
Long

SOL: Falling Wedge Breakout

179
Solana (SOL) technical analysis:

Trade setup: Bullish breakout from Falling Wedge pattern and back above 200-day moving average (~$21), which signals bullish trend reversal with upside potential to $25-30 resistance zone.

Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.

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