SOL Technical Outlook: Rising Wedge Under Bearish Pressure Solana is currently showing a short-term recovery inside a broader downtrend, with price compressing into a rising wedge pattern — typically a bearish continuation setup. Price is trading around $89.5, testing a key supply zone while momentum remains fragile. EMA Structure (Bearish Control) 20 EMA: $88.7 50 EMA: $93.9 100 EMA: $108.6 200 EMA: $129.6 Price is hovering around the 20 EMA, but still below the 50 EMA, indicating weak bullish momentum. The EMAs remain bearishly aligned, confirming the higher timeframe trend is still downward. Market Structure & Key Zones Price formed a base near $67–$70, followed by a slow recovery Currently moving inside a rising wedge (bearish pattern) Rejection signs appearing near $89–$90 resistance zone Fibonacci Levels 0.786 Fib: $213.6 0.618 Fib: $182.2 0.5 Fib: $160.3 0.382 Fib: $138.3 0.236 Fib: $111.1 Fib 0: $67.1 SOL is trading well below the 0.236 level ($111), keeping it in a low-value zone. RSI Momentum RSI: 50 Neutral momentum Slight upward slope, but no strong bullish confirmation Supports the idea of consolidation rather than breakout 📊 Key Levels Resistance $89–$90 (current supply + wedge top) $93.9 (50 EMA) $111 (0.236 Fib) Support $87 (minor support) $83–$85 (range support) $67 (major base) 📌 Summary SOL is in a temporary recovery phase, but the structure remains bearish overall. Rising wedge suggests possible breakdown ahead Rejection at $90 zone increases probability of downside Failure to break above $94 (50 EMA) keeps sellers in control Scenarios: 🔴 Bearish Case: Break below $87–$85 → move toward $80 → $70 zone 🟢 Bullish Case: Strong breakout above $94 → potential push toward $100–$111 $SOL ‌#FedHoldsRatesSteady

BTC and ETH are taking positions simultaneously when the market moves BNB short 15 points of space SOL short 3 points of space#Gate13周年全球庆典 #美联储维持利率不变 #SEC批准纳斯达克证券代币化交易 #英伟达GTC2026大会召开 #七大央行利率来袭 $BTC $GT $SOL

Symbol $SOL Price $89.5900 Market Cap $51.4B Open Interest $5.27B Funding Rate 0.0049% 24h Volume $13.6B 24h Liquidation $15.08M Price Change(1h) -0.3600% Price Change(24h) -2.5100% RSI (1h/4h/1d) 40.56/42.95/50.90 Fear Greed Index 24/100 #Altcoin Season Index 51/100 #crypto