Solana May Face Near-Term Pullback on Rising Wedge as ETF Odds and Institutional Demand Could Support Further Gains
The post Solana May Face Near-Term Pullback com. Solana price has rallied over 150% in 2025 but faces short-term risk from a rising wedge on the daily chart; however, high ETF approval odds and sustained institutional accumulation support a longer-term bullish outlook for SOL. Solana price up 150% in 2025; rising wedge signals near-term reversal risk. Spot Solana ETF approval odds above 90%, which could boost U. S. demand for SOL. Institutions hold multi-billion-dollar SOL positions; Alpenglow upgrade and technical metrics are key near-term drivers. Solana price rally analysis, rising wedge risk and ETF outlook. Solana price insights and trade guidance read the full technical and fundamental breakdown. Solanas price rally faces a critical technical challenge with a rising wedge, but strong fundamentals may push it higher. ‘, ‘ Advanced Trading Tools Await You! Maximize your potential. Join now and start trading! ‘, ‘ Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document. getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage. getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math. floor(Math. random * adscodesBitget. length) : sessperindex; adplace. innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget. length 1 ? 0 : adsindex + 1; sessionStorage. setItem(“adsindexBitget”, sessperindex); } }); What is driving Solanas price rally and is the trend sustainable? Solana price has surged over 150% year-to-date, driven by ETF optimism, institutional accumulation, and upcoming protocol upgrades. The rally is structurally supported by demand but faces a short-term technical threat from a rising wedge pattern that could trigger a pullback toward the $200 support zone. How does the rising wedge pattern affect Solana price? The rising wedge on the daily chart forms as two converging upward trendlines, often signaling a potential reversal when momentum weakens. RSI is compressing into a symmetrical triangle and MACD lines have crossed downward, increasing the probability.