Solana

<ul><li>Solana&#39;s 1D chart shows a bullish pennant, signaling a potential breakout.</li><li>The token’s 1W chart targets $1000 with a bullish pennant, awaiting volume confirmation.</li><li>Buy signal Solana near $155 support, aiming for a bounce to $180.</li></ul><a href="https://cryptotale.org/altcoins-outperform-bitcoin-and-ethereum-in-july-led-by-solana-and-meme-coins/" rel="noopener noreferrer nofollow">Solana</a> (SOL) is showing a strong bullish pennant formation on the 1D and 1W charts, indicating a potential breakout. Analysts are closely watching the price action, which is consolidating within the pennant&#39;s converging trendlines. This formation typically suggests a continuation of the previous trend, which has been upward for Solana. The current market conditions and technical indicators point to a significant price movement in the near future.According to Crypto Busy, on the 1D chart, Solana <a href="https://x.com/CryptoBusy/status/1814014884293771448" rel="noopener noreferrer nofollow">exhibits</a> a prominent pennant pattern, signaling possible continuation of its upward trend. The price is nearing the apex of this pennant, indicating an imminent breakout.<a href="https://cryptotale.org/solana-traders-watch-for-breakout-as-bullish-pennant-pattern-signals-uptrend/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Traders Watch for Breakout as Bullish Pennant Pattern Signals Uptrend

CryptoTale

Alte articole publicate pe 20 iul. 2024

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