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$SOL
SOL
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-4.72%
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🚨 SOLANA ALERT: "Uptober" Rally In Progress 🚨📊 Current Price: ~$227.50 | MTD Gain: +9% | Target: $250 🎯🔥 Market SnapshotSolana (SOL) has ignited October with a strong 9% rally, pushing toward the critical $250 resistance zone ��. Price action is tracking a rising wedge pattern that began in February 2025, with bulls now eyeing a retest of the upper trendline near $250, which aligns with the 0.786 Fibonacci level �. 📈 Technical Levels to WatchBullish Scenario:✅ Break above $250 → Opens path to $295–$300 (1.00 Fib level) � ✅ Rising wedge breakout = potential continuation rally 📊Bearish Scenario:⚠️ Rising wedge breakdown risk = 28–30% downside from breakdown point �⚠️ Loss of lower trendline support → Watch for cascading sell pressure �💡 Key Catalysts 🗓️ SEC ETF speculation heating up with potential mid-October decisions �🌊 "Uptober" momentum driving capital rotation into large-cap L1s ��⚡ Network upgrades in 2025 roadmap focused on scaling and reliability �⚡ Pro Trader Take ✔️ Above $250: Watch for momentum toward $295–$300 on confirmed breakout ✔️ Below $215: Invalidation zone—risk-off mode activated ✔️ Current Setup: Cautiously bullish into resistance; tight risk management essential �� 🎯 Action PlanLong traders: Consider scaling near $250 breakout with tight stops below $215 �Swing traders: Monitor wedge structure; breakout or breakdown will define next leg � Risk reminder: Rising wedges are traditionally bearish reversal patterns—stay alert for volume confirmation on any breakout � 💬 What's your $SOL target for October? Drop your predictions below! 👇📌 Always DYOR. This is not financial advice. ���#Solana #SOL #Crypto #Binance #Uptober #Altcoins #TechnicalAnalysis #CryptoNews 🚀📊💰
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