$SOL
Solana price trades near $144 at the time of writing, moving within an ascending wedge formed over recent days. This bearish continuation pattern projects a potential 9.5% decline, placing the downside target near $129 if the structure resolves lower.
The projected drop aligns with weakening momentum indicators. A confirmed breakdown would likely push SOL toward $136 initially. Losing that support would expose the $130 level, where buyers may attempt to stabilize the price amid broader market caution.
Solana Price Analysis. Source: TradingView
Still, the bearish scenario is not guaranteed. If investor sentiment improves and selling pressure eases, SOL could rebound from the wedge’s lower trend line. A move above $146 would signal renewed strength. Further upside could carry Solana toward $151, invalidating the bearish outlook.
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