SOL.USDT : Corner Pattern Development and Key Price Levels
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Solana (SOL) has been forming a corner pattern after several days of upward movement. This technical formation suggests that SOL is consolidating before making its next major move. As the price nears the end of the pattern, we could expect a breakout either to the upside or downside, depending on the volume and market sentiment.
Key Levels to Watch
Support : $25.50 (important lower range)
Resistance : $32.00 (upper range breakout level)
Current Scenario :
Pattern Formation :
SOL is forming a corner after consistent growth, indicating potential continuation or reversal.
Next Move :
If the price breaks above the pattern's upper boundary ($32), a move toward new highs is likely. However, if it dips below the lower support range ($25.50), it could signal a correction.
Conclusion :
SOL’s next significant move will depend on how it reacts to the key support and resistance levels. Watch for a breakout or breakdown to guide your trading decisions.
Pro Tip :
Investors should consider buying near the lower support zone or waiting for confirmation of an upward breakout above $32. Always use stop-loss orders to manage risk effectively.