💥💥💥Technical Analysis of SOL 💰💰💰
Solana (SOL) has formed a symmetrical triangle pattern, indicating a tug-of-war and uncertainty between the bulls and bears.
If the price turns down and breaks below the support line of the triangle, this signals that the bears have gained an advantage over the bulls. At that point, the SOL/USDT pair could plunge towards the strong support area at $95.
Conversely, if the price breaks out and closes above the resistance line of the triangle, this indicates that the bulls are making an effort to return. At that time, the price of Solana could rise to $172 and possibly higher to $189.
SOLUSDT
Perp
87.24
+1.66%