SOL Price Analysis: Solana Forms Falling Wedge Pattern as Selling Pressure Weakens

Solana’s been caught in a falling wedge pattern on the six-hour timeframe, and that’s actually starting to look interesting. This technical setup usually shows up when bearish momentum is running out of steam. SOL is flashing some early bottoming signals as the price gets squeezed between those descending trendlines.

The chart tells a pretty clear story. Recent candles have stabilized after bouncing off the lower edge of the wedge, which means sellers aren’t pushing as hard as they were before. You can see a series of lower highs paired with lows that are gradually flattening out—that’s textbook falling wedge behavior right there.

“SOL is beginning to show bottoming signals as price action compresses between descending trendlines.”

Right now, SOL is hanging out near the middle of this pattern. The upper wedge line is the key level everyone’s watching. Until price breaks through that resistance and holds above it, we’re still technically locked in this structure. It’s neither bullish nor bearish yet—just compressed and waiting.

For this to turn into an actual bullish breakout, we’d need a clean push above that upper trendline, followed by sustained price action above it. The projection suggests that once resistance gives way, upside movement becomes more likely. What’s encouraging is that recent lows haven’t triggered aggressive selling, which hints that the market might be gearing up for a move higher instead of continuing down.

Falling wedges tend to resolve as price approaches the narrow end of the pattern, so timing matters here. For Solana, this isn’t about guessing—it’s about waiting for confirmation. The setup shows a market in transition where selling is fading, but bulls haven’t taken full control yet.

My Take: This wedge pattern is textbook technical analysis playing out in real time. The fact that selling pressure is clearly weakening near support gives this setup decent odds of breaking higher. Still, patience is key—wait for the breakout confirmation.

Source: Elja