Is $SOL about to give up its gains?
The SOLUSDT 4H chart shows a descending triangle pattern forming. This suggests a bearish continuation is likely for Solana.
📍 The price has been respecting the upper trendline resistance and the lower trendline support. We've seen several rejections from the overhead resistance.
⚡️ Key resistance is forming around the $88-$90 zone. Support is currently holding near $80.
📉 A confirmed break below the current support level would signal a strong bearish move.
🎯 Our target for this bearish move is set at $75.098625. This aligns with the pattern's projection and the overall downward momentum.
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