đ SOL/USDT â Ascending Triangle at the Bottom?
$SOL is showing signs of accumulation after a sharp downtrend.
Price action is now forming what looks like an ascending triangle around $129â131 â yeah, an up-triangle at the bottom⊠sounds cursed, but it might just play out đ
đ„ Structure
EMA still pointing down â trend technically bearish.
But weâre seeing higher lows pressing against horizontal resistance near $131.5.
Orderflow shows heavy buy liquidity around $128.5â129.0, and sell walls at $132â133
đŻ Scenarios
Bullish: breakout above $131.5 â quick squeeze to $133â134, where liquidity is stacked.
Bearish: breakdown below $129 â continuation toward $126â125 support.
For now, liquidity is loading, and the marketâs choosing its next move.
⥠My view:
Triangleâs tightening â volatility compression often leads to expansion.
Watch this zone closely â whichever side breaks first could trigger the next wave.
đŹ Ascending triangle at the bottom⊠breakout or fakeout?