SOLANA ALERT: "Uptober" Rally In Progress 🚨📊 Current Price: ~$227.50 | MTD Gain: +9% | Target: $250

🎯🔥 Market SnapshotSolana (SOL) has ignited October with a strong 9% rally, pushing toward the critical $250 resistance zone ��.
Price action is tracking a rising wedge pattern that began in February 2025, with bulls now eyeing a retest of the upper trendline near $250, which aligns with the 0.786 Fibonacci level �.
📈 Technical Levels to WatchBullish Scenario:✅ Break above $250 → Opens path to $295–$300 (1.00 Fib level) �
✅ Rising wedge breakout = potential continuation rally
📊Bearish Scenario:⚠️ Rising wedge breakdown risk = 28–30% downside from breakdown point
�⚠️ Loss of lower trendline support → Watch for cascading sell pressure �💡 Key Catalysts
🗓️ SEC ETF speculation heating up with potential mid-October decisions �🌊 "Uptober" momentum driving capital rotation into large-cap L1s
��⚡ Network upgrades in 2025 roadmap focused on scaling and reliability �⚡ Pro Trader Take
✔️ Above $250: Watch for momentum toward $295–$300 on confirmed breakout
✔️ Below $215: Invalidation zone—risk-off mode activated
✔️ Current Setup: Cautiously bullish into resistance; tight risk management essential ��
🎯 Action PlanLong traders: Consider scaling near $250 breakout with tight stops below $215 �Swing traders: Monitor wedge structure; breakout or breakdown will define next leg �
Risk reminder: Rising wedges are traditionally bearish reversal patterns—stay alert for volume confirmation on any breakout �
💬 What's your $SOL target for October? Drop your predictions below! 👇📌 Always DYOR. This is not financial advice.
���#Solana SOL #Crypto