The post Solana’s Falling Wedge Breakout Suggests Possible Trend Shift Near $133 appeared on BitcoinEthereumNews.com.

Solana’s falling wedge breakout near $133 signals potential trend reversal, supported by steady price action and moderate trading volume. However, confirmation awaits a close above $140 resistance, with stable DeFi metrics indicating sustained network health despite recent consolidation. Solana confirmed a falling wedge breakout on the daily chart after weeks of controlled declines. Price holds steady around $133, with traders monitoring volume and a potential push toward $140. On-chain data reveals total value locked at approximately $8.81 billion, above prior cycle averages, alongside consistent DEX volumes of $3.9 billion. Solana falling wedge breakout unfolds near $133 with stable DeFi activity and moderate volume. Watch $140 for confirmation—explore key metrics and price outlook now. What is the Solana Falling Wedge Breakout? Solana falling wedge breakout refers to the recent price movement where SOL emerged from a multi-week pattern of lower highs and lower lows on the daily chart. This technical formation, characterized by converging trendlines, typically indicates building bullish pressure after a period of consolidation. At current levels around $133, the breakout suggests a possible shift from downward momentum, though sustained volume is needed for validation. How is Solana’s On-Chain Activity Performing During This Breakout? Solana’s on-chain metrics demonstrate resilience amid the falling wedge breakout. Total value locked in DeFi protocols stands at about $8.81 billion, reflecting a modest 1.53% daily dip but remaining well above 2023 lows. According to data from DeFiLlama, TVL experienced a significant surge in 2021, a downturn in 2022, and gradual recovery starting in early 2024 that carried into 2025. This stability underscores the network’s appeal for decentralized applications. Stablecoin market cap on Solana hovers near $16.18 billion, providing robust liquidity for trading and yield farming. Daily chain fees have clocked in at roughly $636,700, while revenue generation sits at $83,300 over the last 24 hours.…

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Filed under: News - @ December 14, 2025 7:23 am