As discussed earlier, #Solana was moving inside a rising wedge on the 4H chart, with price approaching the $80–$81 lower wedge support. That zone acted as a strong reaction level multiple times in the past.
When price tested that support again, buyers stepped in exactly as expected.
From the support area around $82–$83, the market bounced strongly and hit $88.80, completing Target 1 perfectly. This confirms that the wedge structure is still being respected and traders are reacting to the key technical levels.
However, after touching $88–$90 mid-range resistance, the market is now showing signs of a short-term cooldown. This is normal because price often rotates inside wedge structures before the next move develops.
Current plan:
• TP1 achieved at $88+
• Expect minor pullback or consolidation from this region
• Maintain Stop-Loss at entry or near the $81 support zone to protect profits
Next levels to watch:
• Immediate support: $84–$83
• Strong wedge support: $80–$81
• If momentum returns, next upside levels remain $90 → $92
As long as price holds the wedge structure, the market can continue rotating between the lower and upper boundaries before a larger breakout eventually occurs.
For now, profit secured + risk managed is the smartest approach🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
