The price has been trading in a sideways range for the past three weeks, forming what appears to be a triangle pattern. A break above the Sunday high at $88.60 would be the first signal that the bulls are taking control and that the triangle may be complete, potentially leading to an upside breakout.
Keep in mind that breakouts from triangles are often aggressive. As the pattern matures, volatility contracts and energy builds up within the structure. Once price breaks through a key boundary, that built-up pressure can release quickly, resulting in a sharp and impulsive move. #Solana
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Mosfick,Brother
· 20h ago
Three weeks of compression and that energy has to go somewhere
$SOL
The price has been trading in a sideways range for the past three weeks, forming what appears to be a triangle pattern. A break above the Sunday high at $88.60 would be the first signal that the bulls are taking control and that the triangle may be complete, potentially leading to an upside breakout.
Keep in mind that breakouts from triangles are often aggressive. As the pattern matures, volatility contracts and energy builds up within the structure. Once price breaks through a key boundary, that built-up pressure can release quickly, resulting in a sharp and impulsive move.
#Solana