Solana Plunges 12%, But This Pattern Could Mean Decline Isn’t Over Yet

Quick Summary:

Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that the 1-hour price of Solana had been stuck inside over the past week: From the graph, it’s visible that Solana was approaching the apex of the triangle when Martinez had made the post.

SOL Has Breached Under Its Symmetrical Triangle In a post on X earlier in the day, analyst Ali Martinez discussed about a Symmetrical Triangle that Solana had been trading inside.

The “Symmetrical Triangle” here is a pattern from technical analysis (TA) that forms when the price of an asset consolidates between two trendlines of a roughly equal and opposite slope.

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Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: Solana Pattern Solana Solana breakout Solana Symmetrical Triangle Sol SOLUSDT

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Published On: 2025-01-28 @ 00:30:27 (2 days ago)

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Language: English

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