menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Solana App...
source image

Coindoo

2M

read

139

img
dot

Image Credit: Coindoo

Solana Approaches Key Breakout Level as Classic Pattern Emerges

  • Solana (SOL) is approaching a critical breakout level as a classic 'cup and handle' pattern emerges on its long-term chart.
  • The 'cup and handle' formation is considered one of the most bullish patterns in classical charting, indicating a potential surge in buying momentum after a period of accumulation.
  • The key resistance level for Solana is around $210, with a breakout above this level potentially triggering a parabolic bull run.
  • Analysts advise traders to prepare in advance for a potential breakout, which could lead to a sustainable rally supported by organic accumulation.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app