Date: Tue, Nov 25, 2025 | 06:35 AM GMT
The cryptocurrency market is recovering after last week’s intense volatility, which pushed Ethereum (ETH) to a low of $2622 before bouncing back above $2900. This positive shift has brought several major assets back into green territory, including Solana (SOL), which is showing early signs of a potential reversal after a multi-week downtrend.
SOL is currently up over 4%, but the more compelling development is its latest technical structure. The chart reveals that SOL is forming a bullish pattern that may be laying the groundwork for a breakout in the sessions ahead.
Falling Wedge Pattern in Formation
On the daily timeframe, SOL is trading inside a falling wedge — a well-known bullish reversal structure that signals decreasing selling pressure and the possibility of a strong upside breakout. The wedge declines with narrowing price swings, indicating that bears are losing momentum while buyers are slowly absorbing supply.
After weeks of steady selling, SOL recently touched the wedge’s lower boundary around $121.35, where buyers defended aggressively. This reaction helped push price back up toward $137.56, positioning SOL directly beneath the wedge’s upper trendline and suggesting buyers are preparing for a breakout attempt.
What’s Next for SOL?
If SOL manages to push above the wedge resistance and secure a successful retest, a strong bullish continuation could follow. In this scenario, buyers may target the 200-day moving average near $179.40 as the next major resistance. A breakout above that zone could open the door to a move toward the projected target at approximately $198.71 — representing more than 43% upside potential from current prices.
However, a failed breakout attempt could lead to another pullback into the $127 region, where bulls will need to defend support to maintain the bullish structure. Losing that level may delay any recovery momentum.
For now, all eyes are on whether SOL can build enough momentum to break out of its wedge and kickstart a new leg higher in the days ahead.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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