Solana price forms rising wedge: Analysts warn of $160 downside risk

8-9-2025 – Solana (SOL) has developed a rising wedge formation on its 4-hour chart, with technical analysts warning of potential downside toward $160 as momentum weakens despite recent price gains, according to chart analysis first highlighted by trader Ali on social media. Solana $SOL forms a rising wedge pattern, pointing to $160. pic. twitter source: https://www.cointrackdaily.com/solana-price-forms-rising-wedge-analysts-warn-of-160-downside-risk/