$SOL
/USDT – Fakeout or Trap? Rising Wedge Breakdown in Play! ⚠️
From Bullish Excitement to Sharp Rejection
$SOL attempted a breakout above the rising wedge at ~$158, but the move was quickly sold off, dragging the price down to $150.72 (-1.13%). This false breakout suggests possible exhaustion and a reversal brewing.
📉 Chart Highlights:
• Pattern: Rising wedge (typically bearish)
• Breakout Rejected: ~$158
• Current Support Test: ~$150
🔎 Scenario Watch:
A confirmed breakdown below $148 could trigger a drop to $144–$142
Recovery above $154 is needed to regain bullish structure
📊 Caution advised — this could turn into a deeper correction if buyers don’t step in quickly.