SOL/USDT TA 🔥
Solana is approaching the final phase of its triangle pattern, and we’re considering two possible scenarios:
1. Potential 26% Upside Move: The price is nearing the upper resistance zone and remains above the EMAs. We’re watching for a potential breakout, followed by a re-test of the broken zone. If the re-test is successful, we could see a strong upward move from there.
2. Potential 30% Downside Move: If the price faces rejection at the upper resistance or the breakout fails, we’ll shift focus to the support zone. A break below this support, followed by a successful re-test, could lead to a significant downward move.