SOL / TetherUSLong
Solana SOL TOOK OFF! Moon next? Back to $39?
SOLUSDT On April 11, after several days of indecision, Solana has finally surged above the downtrend line, signaling the potential end of the downtrend.
Typically, after breaking through a significant resistance, the price turns downward and retests the level. Therefore, in this case, the price may fall to the breakout level. However, if the price rebounds off the downtrend line, it will indicate that the bulls have transformed the level into support. This will increase the possibility of a potential rally towards $27.12 and then to $39.
This bullish scenario will be invalidated if the price turns down and drops below the downtrend line. Such a move will suggest that the breakout could have been a trap for the bulls, and the SOL/USDT pair may then decline to $15.28.
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