After weeks of steady ascent, Solana price has reached the upper trendline of a rising wedge pattern, trading at $186.05 at the time of writing. The current zone aligns with historical resistance, and traders are closely watching for a breakout toward $200 or a possible rejection back toward support at $175.

What’s Happening With Solana’s Price?

On the 4-hour timeframe, Solana price action has moved inside a clearly defined rising wedge structure, with ascending support around $175 and resistance capping price near $187. The wedge follows a series of higher highs and higher lows dating back to late June, reinforcing a bullish structure. Price is now testing the upper trendline for the third time, raising the stakes for a breakout or rejection in the coming session.

On the daily chart, Solana appears to be completing a macro cup and handle formation. The handle portion formed through June’s consolidation and the current rally is bringing price back toward the neckline near $188. If this pattern confirms with a breakout, it would imply a larger trend shift with upside poten…

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