Solana ($SOL ) is showing signs of a potential reversal as it forms a classic A-B-C-D-E triangle pattern on the charts. This 5-wave structure often hints at a breakout or breakdown, and SOL is nearing a key supply zone that could determine its next move.
Currently trading around $214, traders should closely monitor how SOL interacts with this critical zone. If the price fails to break above resistance and instead drops below the support level, it could confirm a bearish trend as the E wave completes.
The crypto market remains volatile and unpredictable, so stay alert and consider multiple scenarios. What’s your take on this pattern? Will SOL break out or fall further?
