$SOL Crazy Price Alert! 🤣
Noone's going to like it but yes it's still going to crash, here's why:
1- Solana follows Bitcoin when it comes to short term response, that's why it's jumped all the way to 168 with slight movement in BTC price.
2- Solana had been on a vertical run which can be spotted on the weekly chart, hence it requires enough consolidation.
3- A bearish flag pattern can be seen clearly on the 'Daily' chart, which ultimately shows the buying behavior in the market.
Bonus- There's a 3 step market behavior pattern. If you want to find out when big players decide to play:
- Accumulation
- Distraction
- Distribution
*During the bearish flag period the market accumulated the money.
*With this sudden bullish move, it seems 'A Fake Out' is under process.
*In the last phase we might see the price going back in the originally intended direction trapping everyone in the 'Bul Trap'.
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