Solana (sun) is Show signs of a possible break In the 15 -minute table, as the price action contracts in a stricter range. This compression of volatility precedes a significant movement, with market participants who expect the confirmation of the management. The consolidation phase has formed a recognizable rupture structure, with ups and downs that converge, suggesting that the pressure is being built under the surface.
Rupture structure taking shape in a lower period of time
According to Andrew Davis’s mail In X, Solana experienced a great liquidation that briefly He pushed the price Below $ 142. However, the cryptocurrency quickly recovered, demonstrating a strong purchase and resistance interest.
Sol has risen over the $ 150 brand, showing signs of strength and impulse of the building. This recovery suggests that the market is absorbing sales pressure. If this ascending impulse continues, Sol could be prepared for greater profits.
Gemxbt cryptographic analyst noted Solana exhibits a descending triangle pattern in the 1 hour table, which is generally considered a bassist continuation signal. A descending triangle pattern has been formed as the price creates lower maximums while maintaining a relatively flat support zone to $ 145, a key level that has been defended several times.
Despite the generally bassist structure, the graph has shown a rebound of this support, which suggests a temporary reversal. On the positive side, resistance about $ 155 remains a crucial obstacle.
For Sol to confirm a sustained reversal, he would need a break above this level, potentially pointing to a change in market feeling. Further supporting the idea of ​​a potential reversal, Technical indicators are reflecting Overweet conditions, which suggest that the sale pressure can be exhausted, which increases the probability of a short -term recovery.
Giottus Crypto Exchange too shared Insights on Solana’s pricing structure, identifying a harmonious harmonic pattern that emerges in the 4 -hour table. Analyze that point D of the shark pattern has aligned with the extension of 1,618 BC Fibonacci, landing at the level of $ 147.
This area is considered a potential investment zone. The presence of this harmonic pattern in a critical extension, combined with the price action, indicates that a bullish investment could be underway. If the pattern is maintained, the upward objectives are projected in the range of $ 180 to $ 190.
Solana proves wedge resistance as the breakup of bulls
The early ascending movement of sun seems very likely. WHALES_Crypto_Trading too contours that Solana shows signs of a break as it approaches the upper limit of an extensive wedge formation in the 4 -hour table. A pattern characterized by often divergent tendency Indicates increasing volatility And uncertainty, but also tends to precede the explosive price action once a break occurs.
Sol is consolidating under the resistance of the wedge, with the hardening of the price action and the volume that begin to show signs of construction, that could trigger a wave of bullish impulse to objectives at $ 215, $ 228, $ 243 and $ 265.
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