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Solana's ‘early stage bull market’ hints at 65% SOL price gains by April

From cointelegraph.com

Solana price looks ready to rise in April based on a classic bullish reversal indicator and signs of renewed appetite for memecoins. As of March 26, SOL’s price had entered the breakout stage of what appears to be a falling wedge pattern. A falling wedge forms when the price consolidates inside a range defined by two converging, descending trendlines. Meanwhile, the pattern resolves when the price breaks above the upper trendline. Solana broke above the upper trendline of its falling wedge pattern on March 19 and has since maintained bullish momentum. The breakout has held strong, with SOL continuing to climb in the ... (full story)

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  • Category: Technical Analysis