Currently, SOL price is consolidating within a symmetrical triangle pattern inside an ascending channel.
A breakout in either direction will determine the next move, towards 230 if it breaks upward, or towards 194 if it breaks downward.
As shown on the chart, Solana has been moving within an ascending channel since late July.
At the moment, a Symmetrical Triangle is forming, and volatility is tightening inside the pattern.
This suggests that a breakout move is imminent, most likely within the coming days (up to a week).
If price breaks to the upside:
potential move towards the upper boundary of the channel around 230.
If price breaks to the downside:
potential decline towards the lower boundary of the channel around 194.
Let’s watch closely for the breakout confirmation.
Best regards 🌹
please note :
this is not financial advice — it reflects only my personal opinion.
PLEASE always do your own research before trading .. Good luck with your trades.
A breakout in either direction will determine the next move, towards 230 if it breaks upward, or towards 194 if it breaks downward.
As shown on the chart, Solana has been moving within an ascending channel since late July.
At the moment, a Symmetrical Triangle is forming, and volatility is tightening inside the pattern.
This suggests that a breakout move is imminent, most likely within the coming days (up to a week).
If price breaks to the upside:
potential move towards the upper boundary of the channel around 230.
If price breaks to the downside:
potential decline towards the lower boundary of the channel around 194.
Let’s watch closely for the breakout confirmation.
Best regards 🌹
please note :
this is not financial advice — it reflects only my personal opinion.
PLEASE always do your own research before trading .. Good luck with your trades.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.