2026-03-11 08:05:18

$SOL Update — Target 1 Completed 🎯

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🚀

SOL1,64%

CryptoSat

2026-03-08 06:22:10

$SOL is presently trading within a rising wedge pattern on the 4-hour chart, with the current price around $82–$83 following a pullback from the recent $94 resistance level. The structure has been respected multiple times, and price is now approaching the lower wedge support, which is the key area to watch.

Current situation:
The $80–$81 region is acting as the lower boundary of this wedge. If buyers defend this support again, it could trigger another short-term bounce toward the upper wedge, similar to previous rotations inside the structure.

As long as #SOLANA holds this lower trendline, a reaction toward $86 → $90 is possible, with the $92–$94 zone remaining the major resistance near the upper wedge.

This type of structure often creates range trades inside the wedge, where price moves between the lower and upper boundaries before a decisive breakout happens.

However, if $80 breaks and price closes below the wedge, the structure weakens and we could see a deeper move toward $76–$74, which was the previous reaction zone.

A reaction from the lower wedge support could provide a long opportunity for a quick bounce, targeting the mid-range and upper wedge levels.

Key levels to watch
Support: $80–$81
Bounce targets: $86 → $90 → $92

Momentum will likely expand once the wedge eventually breaks.

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