Major

Solana

Arcade

<p>SwallowPremium discusses the imminent breakout for <a href="https://captainaltcoin.com/solana-on-chain-metrics-are-rising-but-sol-price-stays-flat/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> 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.</p>
<p>He outlines two potential scenarios that could unfold:</p>
<p><strong>Potential 26% Upside Move: </strong></p>
<p><a href="https://www.tradingview.com/chart/SOLUSDT.P/7nV6443B-Solana-SOL-Getting-Ready-For-End-Phase-of-Triangle-Pattern/" target="_blank" rel="noopener noreferrer nofollow">SwallowPremium notes</a> 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.</p>
<p>Should this re-test prove successful, it could trigger a robust upward movement.</p>
<p><a href="https://captainaltcoin.com/heres-why-ordis-price-could-see-a-273-pump-in-the-coming-weeks/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why ORDI’s Price Could See a 273% Pump in the Coming Weeks</em></strong></a></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="551" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-1024x551.png" alt="" class="wp-image-561302" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-1024x551.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-768x413.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-1536x826.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-2048x1102.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-279x150.png 279w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-651x350.png 651w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699-788x423.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-699.png 1160w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Potential 30% Downside Move: </strong></p>
<p>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.</p>
<p>Through this analysis, SwallowPremium provides a clear view of the critical levels to watch as Solana approaches this pivotal moment.</p>
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<p>The post <a href="https://captainaltcoin.com/here-are-two-possible-scenarios-for-solana-sol-price-as-major-breakout-approaches/" rel="noopener noreferrer nofollow">Here Are Two Possible Scenarios for Solana (SOL) Price as Major Breakout Approaches</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here Are Two Possible Scenarios for Solana (SOL) Price as Major Breakout Approaches

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