BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Solana On the Edge of a Major Breakout: Bullish Signals Emerge as SOL Exits Falling Wedge​

by Drop Gorn
March 27, 2025
in Crypto, Finance, Opinion, Solana
A A
Solana On the Edge of a Major Breakout: Bullish Signals Emerge as SOL Exits Falling Wedge​
6
SHARES
Share on TwitterShare on Reddit
  • If momentum holds, SOL could rally to $230, but if selling pressure returns, a drop to around $112 remains a risk.
  • Solana ($SOL) broke out of a falling wedge pattern, climbing 10% and signaling a potential bullish reversal as traders regain confidence.
  • Open interest surged 22% to $4.81B, and the Aroon Up Line hit 85.71%, both suggesting strong momentum and increasing trader participation.

After rocketing to a new all-time high of $295.83 back on Jan. 19, Solana ($SOL) got slapped with some heavy selling pressure. The bears grabbed the wheel for a bit, dragging the price down inside a falling wedge formation—basically, a tightening squeeze of lower highs and lower lows. Not exactly the vibe bulls were hoping for.

Breaking Free From the Wedge—Finally

That falling wedge? SOL busted out of it on March 19, popping above the upper trendline and signaling that the bears might be losing steam. Since then, the price has climbed 10%, and momentum is picking up speed. So, what does that mean? In chart-speak: buyers are stepping up, and sellers might be getting tired.

Normally with this kind of pattern—falling wedge breakouts—you get the feeling that selling pressure is drying up. Add a spike in trading volume, and it’s a decent sign of a legit trend reversal. SOL’s current open interest stands at $4.81 billion, up 22% since the breakout. That’s not nothing.

Solana (SOL) Open Interest

The Market’s Paying Attention

When open interest rises along with price action, that’s often a sign of conviction. More traders are jumping in, possibly expecting this rally to keep pushing higher.

Also worth noting: SOL’s Aroon Up Line—a funky but useful trend indicator—is sitting at 85.71%. That’s pretty high, and it basically means the coin is riding solid bullish momentum right now.

When that Aroon line’s close to 100%, it suggests new highs have been hit recently, and buyers are kinda running the show.

$230 in Sight? Or Is the Risk Still Lurking?

Let’s talk projections. If SOL plays by the rulebook, breakouts from falling wedges can see price moves equal to the height of the wedge. That could take SOL 67% higher, putting it around $230.

Sounds great, right? Sure, but let’s not get ahead of ourselves. If this breakout fizzles out—say, volume drops or whales start offloading—there’s a real chance of a pullback. A heavy selloff could drag SOL down to $112 again. After rocketing to a new all-time high of $295.83 back on Jan. 19, Solana ($SOL) got slapped with some heavy selling pressure. The bears grabbed the wheel for a bit, dragging the price down inside a falling wedge formation—basically, a tightening squeeze of lower highs and lower lows. Not exactly the vibe bulls were hoping for.

But hey, things just took a turn.

Solana (SOL) Aroon Up Line

Breaking Free From the Wedge—Finally

That falling wedge? SOL busted out of it on March 19, popping above the upper trendline and signaling that the bears might be losing steam. Since then, the price has climbed 10%, and momentum is picking up speed. So, what does that mean? In chart-speak: buyers are stepping up, and sellers might be getting tired.

Normally with this kind of pattern—falling wedge breakouts—you get the feeling that selling pressure is drying up. Add a spike in trading volume, and it’s a decent sign of a legit trend reversal. SOL’s current open interest stands at $4.81 billion, up 22% since the breakout. That’s not nothing.

Open interest = the total number of active futures/options contracts that haven’t been settled yet.

The Market’s Paying Attention

When open interest rises along with price action, that’s often a sign of conviction. More traders are jumping in, possibly expecting this rally to keep pushing higher.

Also worth noting: SOL’s Aroon Up Line—a funky but useful trend indicator—is sitting at 85.71%. That’s pretty high, and it basically means the coin is riding solid bullish momentum right now.

When that Aroon line’s close to 100%, it suggests new highs have been hit recently, and buyers are kinda running the show.

$230 in Sight? Or Is the Risk Still Lurking?

Let’s talk projections. If SOL plays by the rulebook, breakouts from falling wedges can see price moves equal to the height of the wedge. That could take SOL 67% higher, putting it around $230.

Sounds great, right? Sure, but let’s not get ahead of ourselves. If this breakout fizzles out—say, volume drops or whales start offloading—there’s a real chance of a pullback. A heavy selloff could drag SOL down to $112 again. 

Tags: $SOLBlockchaincryptoSolana
Tweet2ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement
Crypto

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

May 8, 2025
Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why
Finance

Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why

May 8, 2025
Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do
Crypto

Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do

May 8, 2025
$LTC in a Limbo: Is Litecoin Quietly Gearing Up for a Breakout?
Crypto

$LTC in a Limbo: Is Litecoin Quietly Gearing Up for a Breakout?

May 8, 2025
Cardano ADA On the Verge of a Major Comeback: Here are the Key Levels to Watch
Cardano

Cardano ADA On the Verge of a Major Comeback: Here are the Key Levels to Watch

May 8, 2025
$LINK on the Move: Is Chainlink About to Shake Off the Bears?
Chainlink

$LINK on the Move: Is Chainlink About to Shake Off the Bears?

May 8, 2025
Load More

Related News

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

Analysts Predict MOG Coin Could 4x as mog/acc Trend Gains Momentum With Elon Musk Endorsement

May 8, 2025
Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why

Trump Say Upcoming U.S.-China Trade Negotiations May Lower 145% Tariffs: Here is Why

May 8, 2025
Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do

Stellar XLM Technical Indicators Suggest Imminent Breakout: Here is What You Need to Do

May 8, 2025
$LTC in a Limbo: Is Litecoin Quietly Gearing Up for a Breakout?

$LTC in a Limbo: Is Litecoin Quietly Gearing Up for a Breakout?

May 8, 2025
Cardano ADA On the Verge of a Major Comeback: Here are the Key Levels to Watch

Cardano ADA On the Verge of a Major Comeback: Here are the Key Levels to Watch

May 8, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.