SOLUSDT is being tightly compressed within a narrowing falling wedge, with price testing the upper trendline three times and reacting from the lower boundary twice. The repeated pressure against resistance suggests that sellers are gradually losing control and that the upper boundary is becoming increasingly vulnerable.
A decisive breakout and close above the wedge would confirm bullish momentum and increase the likelihood of a move toward 78.00.
Until then, traders should wait for clear follow-through and stronger trading volume to reduce the risk of a false breakout.
A decisive breakout and close above the wedge would confirm bullish momentum and increase the likelihood of a move toward 78.00.
Until then, traders should wait for clear follow-through and stronger trading volume to reduce the risk of a false breakout.
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📈 Forex • Gold • Crypto
Trading is easier with the right people.
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Join a community built for consistent traders.
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Trading is easier with the right people.
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✔ Risk-first mindset
Join a community built for consistent traders.
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