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Solana price paints 'textbook' chart pattern for potential rally to $6K

From cointelegraph.com

Solana’s price rallied 34% over the last 30 days, reaching a five-month high of $193 on Monday. Solana is 35% below its all-time high at $295, and multiple analysts believe that the sixth-largest cryptocurrency will enter price discovery soon. SOL price has already risen by over 2,400% since establishing a cycle low of around $10 in November 2022. In doing so, its price has painted a cup-and-handle pattern on multiple time frames. Crypto investor Robert Mercer shared a chart showing SOL seeking a breakout from a cup-and-handle pattern, signaling a massive upward move once it is confirmed. Popular crypto analyst ... (full story)

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  • Category: Technical Analysis