I took a look at the SOL charts now, and the situation is quite different from a few months ago. The token is trading around $79.65, well below the levels that analysts previously projected. But the technical pattern that was forming still remains worth watching.

What stands out is that the rising wedge that was developing continues to be an important indicator for understanding where the price might go. This type of formation usually signals a momentum compression, and historically, these rising wedges tend to resolve with downward movements when support gives way.

The Fibonacci levels that traders monitor still make sense as reference zones. With the current price, supports around $75 and $65 have become critical points to watch. If selling pressure intensifies, deeper moves could happen. The positive side is that if SOL can hold the current supports, it might stabilize from here.

What I see is that the rising wedge that has been forming over the months remains a relevant pattern for traders trying to predict the next moves. Volatility is likely to continue as the market tests these key zones. Those following SOL are probably paying close attention to every price movement now.