$SOL: Technical Breakout Incoming?

Solana is showing renewed strength as we wrap up December, holding steady near $127. While the broader market watches $BTC hold the $89K level, $SOL is positioning itself for a potential move.

📊 Key Market Data:

Current Action: Trading within the critical $120–$130 demand zone.

Volume Surge: Spot trading volume is up 143% ($3.8B), signaling a massive return of interest.

Derivatives: Open Interest rose 6.8%, showing traders are opening fresh long positions.

📉 Technical Setup:

Analysts are tracking a Falling Wedge breakout. A clean daily close above $130 could flip this resistance into support and open the path toward:

🎯 Target 1: $140

🎯 Target 2: $150

Risk Watch: Failure to hold the $120 support could lead to a retest of lower levels. This week's momentum is the decider!

What’s your move? Bullish or waiting for the breakout? 👇

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