After months of trading within a downtrend, SUI/SOL has broken out above its descending trendline, indicating a potential reversal in trend. Here's a closer look:
1️⃣ Trendline Breakout:
The downtrend that began in mid-2023 has now been invalidated by a decisive breakout above the resistance trendline.
This breakout is backed by strong price momentum and...
Love SOL or hate it. $400-$425 is a magnet.
Solana is showcasing a textbook Cup and Handle pattern on the 2-day timeframe, signaling a potential bullish breakout. Here’s the breakdown:
1️⃣ The Cup Formation:
The base of the cup was formed between May 2022 and January 2023, marking a prolonged accumulation phase.
The lip of the cup rests around $225, a key...
