Hey, Binance Square family! 👋
Remember when we told you about the potential for Solana (SOL) to make a big move? Well, things are heating up! 🔥
As you can see from the chart, SOL has been trading within a falling wedge pattern. 📈 This pattern can often lead to a sharp breakout to the upside.
Here's what we're watching for:
* Breakout confirmation: We need to see SOL break above the upper trendline of the falling wedge on the 12-hour chart.
* Retest of the breakout level: A healthy breakout often includes a small pullback to retest the broken trendline. This could be a good buying opportunity for those who missed the initial breakout.
* Potential targets: If SOL breaks out of the falling wedge, we could see it aiming for new all-time highs! 🤑
Disclaimer: This is just our analysis, and it's not financial advice. Always do your own research and trade responsibly.
What do you think, Binance Square family? Is SOL ready to explode? Let us know in the comments below! 👇
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Let's make it rain, Binance Square! 🌧️💰
