Solana Shatters Falling Wedge, Eyes $100 Milestone

Solana's (SOL) price has broken out of a falling wedge formation, reaching $76.29 and climbing approximately 1.90% in the last 24-hour period.

The pattern breach occurred as SOL climbed above the downward-sloping resistance trendline in the $74, $75 area, with analyst CryptoJack drawing attention to the technical development on social platforms.

Immediate resistance lies between $77, $79, and a decisive break above this range would place the early-July peaks of $82, $84 firmly in the spotlight.

Technical analyst Daan Crypto Trades observed that SOL has constructed a pattern of ascending highs and lows since establishing a local floor in June, requiring only modest additional upside to initiate the next rally phase.