📉 $SOL — rejection from wedge resistance, bearish continuation setup

SOL
SOLUSDT
86.74
-3.09%

📊 Technical analysis

Price rejected from 93.4 resistance, which aligns with the upper wedge boundary. A bearish engulfing candle formed on strong volume, showing seller absorption near resistance. On higher timeframes, a potential head and shoulders structure is visible, with neckline around 90.4.


💡 Technical scenario (SHORT) 👇

🎯 Entry zone: 93.2–93.8
🎯 Targets: 90.4 → 88.5 → 85.0
⛔ Stop-loss: above 95.2

👀 A bounce from 90.4 back to 93.7 is possible first, but if rejected again, downside continuation remains the higher-probability setup.

#sol #solana #SOLUSDT