As we move closer to the apex of our triangle pattern for Solana we should see a breakout/breakdown this week. The technical measured move for the breakout would be around $34 putting us close that last major high of $36-37 and the measured move for the breakdown would put us back around the $10-11 psychological range. There is still a key support range between $14-16, but depending on what happens to the stock market this week due to the recent currency wars we could see some major volatility .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.