CandleFocus

Solana’s Bullish Flag About to Hit $180—How the Pennant Pattern Could Push It Higher

Author: Content Editor
The prospects for Solana to reach new highs are looking positive based on technical indicators and patterns on the 1-hour chart. Two prominent patterns, a bullish pennant, and a bullish flag, suggest solid support and potential for further upside price action. Traders and analysts are closely watching these patterns to determine their next moves. Additionally, an inverse head and shoulders formation is visible, signaling a potential reversal in the market and indicating that it is time for market makers to take profit from retail traders. Traders should take note of this pattern and consider going long when the right shoulder breaks the trend line upwards. By understanding and trading these patterns effectively, traders can maximize their returns and avoid being shaken out by volatility.

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