🚨 $SOL approaches bullish pennant resistance
With SOL valued just above $155, it also appeared to be approaching a key resistance level at $157. This can also be seen in the developing bullish pennant pattern. A pattern like this usually indicates a continuation of the prevailing trend.
In this case, it could mean a significant move up if SOL manages to break above the aforementioned levels.
🔔 SOL will go up to $170?
The stage is set, but nothing is guaranteed yet. If Solana manages to break above the $157 resistance, it could quickly target the $170 level again. This level has been a difficult resistance point in the past and, if broken, would represent a strong bullish continuation.
The key is sustained momentum. An unfollowed breakout could result in a quick reversal, trapping traders who bet on a bullish rise.
However, if whale accumulation and social enthusiasm continue to increase, we may soon see a strong push towards $170.
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