After bouncing from the $142 support cluster last week, the Solana price today is consolidating just below the $154 resistance level. The structure remains within a tightening wedge, where the battle between bulls and bears is intensifying. With funding rates positive and open interest rising, speculative momentum is building ahead of a potential breakout.

What’s Happening With Solana’s Price?

Solana has formed a symmetrical triangle on the 4H chart, with higher lows from $142 and descending highs from the June peak near $157. This wedge compression is now squeezing price into a narrow apex zone between $150 and $154.

On the daily timeframe, SOL is also pinned below a descending trendline from April’s highs. However, price has reclaimed the mid-range of the recent structure and is now testing both the local trendline and a prior demand-turned-supply zone. The range between $154 and $157 is a confluence resistance that needs to be flipped for continuation.

If bulls break above this zone with volume, a revisit of $162 or even $171 is possible. But failure to clear …

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