Amid the recent market recovery, Solana (SOL) has jumped roughly 10% from last week’s lows, reclaiming the $82 level and retesting a major resistance. However, some market observers have warned that the rally could be short-lived if the cryptocurrency doesn’t turn a key level into support in the coming days. Solana Price In ‘Consolidation Trap’…
Tag: Solana Bearish Signal
Solana Eyes Deeper Correction As Bearish Pattern Confirmation Targets $40
As Solana (SOL) trades at multi-year lows, some analysts have lowered their end-of-year targets. Meanwhile, other market watchers have warned that the altcoin risks another 50% correction after a bearish formation was recently confirmed. Solana Confirms Head And Shoulders Pattern On Wednesday, Solana retraced nearly 10% in the daily timeframe, reaching a two-year low of…
Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106
Solana has broken down decisively, losing a critical support level following news that the United States launched an attack on Iranian nuclear facilities. The unexpected geopolitical development triggered widespread panic across financial markets, with altcoins taking the hardest hit. Solana, in particular, has seen significant selling pressure, dropping 20% from its May high of approximately…