SOLUSD Price Forecast: Bearish Breakdown Potential Within Symmet
# SOLUSD Price Forecast: Bearish Breakdown Potential Within Symmetrical Triangle
SOLUSD is consolidating inside a narrowing symmetrical triangle pattern below the Ichimoku Cloud on the 12H timeframe, indicating tightening volatility before a major expansion. As long as price remains rejected by the descending upper resistance trendline near 74.74, the bias leans bearish toward lower support levels.
📉 Bearish Scenario
A break below the lower ascending trendline support may push SOLUSD toward:
🎯 Target 1: 70.48
🎯 Target 2: 64.32
📈 Bullish Invalidation
A strong 12H candle close above 74.74 and the upper trendline would invalidate the bearish setup and could trigger a move higher toward 80.00+.
Key Levels
Resistance: 74.74
Current Price: 74.27
Support 1: 70.48
Support 2: 64.32
Bearish Invalidation: 12H Close Above 74.74
