SOL/USDT Ascending Triangle: Path to $300
#Solana (
SOL) has formed an ascending triangle pattern, a bullish continuation pattern that often signals a potential upward breakout. Additionally, the RSI is in the oversold region, indicating that the asset may be undervalued and a reversal could be imminent. SOL is also bouncing from the Fibonacci retracement level of 0.78, suggesting strong support and buying interest at this level. As per the price action, these confluences point towards a potential bullish move. Keep an eye on the $300 target as #SOL continues its upward momentum.
SOL) has formed an ascending triangle pattern, a bullish continuation pattern that often signals a potential upward breakout. Additionally, the RSI is in the oversold region, indicating that the asset may be undervalued and a reversal could be imminent. SOL is also bouncing from the Fibonacci retracement level of 0.78, suggesting strong support and buying interest at this level. As per the price action, these confluences point towards a potential bullish move. Keep an eye on the $300 target as #SOL continues its upward momentum.
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