Solana has experienced a 12% decline in price, indicating a possible further decline. The cryptocurrency market as a whole has also seen a significant drop. Solana is currently at $227, and while it has paused its fall, it could potentially resume soon. An analyst has identified a Symmetrical Triangle pattern in Solana's trading, which suggests that the asset's price could be consolidating and preparing for a breakout. The height of the triangle suggests a potential 20% move for Solana, although it remains to be seen if the pattern will hold.
Content Editor ( newsbtc.com )
- 2025-01-28
Solana Plunges 12%, But This Pattern Could Mean Decline Isn’t Over Yet
