SOLUSDT is currently trading around $181, continuing its multi-day correction.
This pullback comes as the overall crypto market weakens following Bitcoin's sharp decline and broad profit-taking among major altcoins. Market sentiment remains cautious as investors Waits for the upcoming U.S. PCE data and clearer signals from the Federal Reserve's interest rate policy.
On the technical chart, SOL is moving within a falling range wedge pattern. The $190-$200 area stands as the main resistance zone, while momentum indicators like EMA34 and EMA89 are still pointing downward, confirming that sellers remain in control. The current structure hints us that SOL may continue consolidating near the lower boundary of the wedge before a possible technical rebound.