$SOL 🚨🚨🚨🚨
Monthly chart note
The price action seems to be approaching the formation of the “cup” pattern. The chart shows a decline from the top at 259.90, then a gradual rise in the price to start forming the second half of the cup.
If the price continues to rise and breaks the upper resistance level (which is currently around 189), it may complete the cup pattern and enhance the possibility of continuing the rise. You can monitor technical indicators such as MACD and Stochastic RSI to confirm the strength of the trend, as it will give you a clear signal if there is enough momentum to rise after the breakout
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