Technical analysis by fugutrader about Symbol SOL on 8/28/2025

Volatility across Cryptos likely high with upcoming Bitcoin options expiries on Friday 29. On the Daily charts a Rising Wedge is forming which is traditionally bearish. If price declines on declining volume towards the lower boundary, watch for an increase in volume to signal a potential price drop through and below the pattern.Price stalling/consolidating at resistance around symbolic round number of $250. A possible bearish retracement to test support or a strong continuation once it gets to the upside of that round number. Continue observing volume.