According to this pattern, the next target for $SOL is $180! ‼️
As seen on the weekly timeframe chart, $SOL is trading between two descending trendlines, forming a pattern called a Falling Wedge.
Whenever the price touches the lower support zone, it bounces toward the resistance; whenever it touches the resistance zone, it gets rejected and heads back toward its base.
Currently, Solana is sitting at the pattern's base with an RSI of 25. When the Relative Strength Index drops below 30, it hints that the asset is in oversold territory and a bounce may be coming.
If this repeats and Solana holds strong above its base (the $60.00 support level), a move up is likely 📈 with these targets at the pattern resistance 🎯:
$125.00
$155.00
$180.00
What is your take? Are you holding and adding more to lower your average entry price like I am, or have you already sold?
