Solana
Long

SOL breakout imminent?

Updated
The Solana chart bears a striking resemblance to Ethereum's pattern during the previous cycle, which underwent a correction lasting just over 100 days. Presently, we find ourselves approximately 60 days into this correction; however, there's a notable difference. We are on the cusp of a potential breakout, and if we manage to surpass the $117 mark, there's a strong possibility of a swift ascent to $150 or more within a relatively short timeframe. The dynamics suggest a promising trajectory, and breaking this key resistance level could pave the way for a substantial upward movement in the Solana market
Note
Evidently this chart pattern looks like a massive ascending triangle with a price target of around $180, or just over 63% from a price of $110.
Chart PatternsParallel ChannelSupport and Resistance

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