SwallowPremium discusses the imminent breakout for Solana (SOL) as it nears the final phase of its triangle pattern. He pointed this out in a post on TradingView as he tried to determine the next price direction of Solana.
He outlines two potential scenarios that could unfold:
Potential 26% Upside Move:
SwallowPremium notes that the price is approaching the upper resistance zone while staying above the EMAs. He highlights that if a breakout occurs, it will be crucial to monitor a re-test of the broken zone.
Should this re-test prove successful, it could trigger a robust upward movement.
Here’s Why ORDI’s Price Could See a 273% Pump in the Coming Weeks
Potential 30% Downside Move:
Conversely, he warns that if the price encounters rejection at the upper resistance or if the breakout fails, attention will shift to the support zone. A breakdown below this support, followed by a successful re-test, could result in a significant downward decline.
Through this analysis, SwallowPremium provides a clear view of the critical levels to watch as Solana approaches this pivotal moment.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
Join and Get 10k Tokens FREE!
Engaging community with games and crypto incentives
Integrated platform with GameFi and NFT functionalities
Simple interface that’s easy for new users to explore crypto gaming
