SOL ASCENDING WEDGE: WHAT $88 HOLDING MEANS FOR THE NEXT MOVE
$SOL has been compressing inside an ascending wedge on the M30 timeframe, and price is now pinned right at $88 — the upper wall of that wedge.
The compression details:
- Razor-thin candle range forming at the right edge of the wedge — textbook pre-move compression
- Last candle pushing upward toward $88, not away from it — structure still leaning bullish
- Volume confirmation on the breakout candle will separate a real move from a fakeout
Key levels now:
$88 — the trigger. A clean close above here and shorts start getting squeezed. No major overhead structure in the way.
$84 — full invalidation. A solid close below the lower wedge support and the pattern is dead, not just weakened.
Probability weight: 60% bull / 40% bear. Not a coin flip — it is a lean with real structure behind it.
The wedge keeps both outcomes live until the M30 candle closes. But when these compress this far right at resistance, the exit usually mo...