Solanabullish
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🚨Solana (SOL) Surges Following Inverse Head and Shoulders Breakout🔥
Solana (SOL) surged 7% to $174.5 after breaking out from an inverse head and shoulders pattern.🚀
Critical support levels for Solana (SOL) are at $150, $140, $130, and $120.
🫶Solana (SOL) market cap reaches $77.4B with a 24-hour trading volume of $2.79B.
💪Solana (SOL) has experienced a notable price surge, breaking out from an inverse head and shoulders pattern. This move, shared on the X platform 22 hours ago, has resulted in a 7% increasThe inverse head and shoulders pattern observed in Solana's price chart is a classic bullish reversal pattern. This pattern consists of three distinct dips: the first and third dips, known as the shoulders, hover around the $130 level, while the middle dip, or the head, is lower, at approximately the $120 level. This formation suggests a potential upward price movement, which has been validated by the recent breakout above the neckline of this pattern.
#solanAnalysis #Solanabullish
Solana (SOL) surged 7% to $174.5 after breaking out from an inverse head and shoulders pattern.🚀
Critical support levels for Solana (SOL) are at $150, $140, $130, and $120.
🫶Solana (SOL) market cap reaches $77.4B with a 24-hour trading volume of $2.79B.
💪Solana (SOL) has experienced a notable price surge, breaking out from an inverse head and shoulders pattern. This move, shared on the X platform 22 hours ago, has resulted in a 7% increasThe inverse head and shoulders pattern observed in Solana's price chart is a classic bullish reversal pattern. This pattern consists of three distinct dips: the first and third dips, known as the shoulders, hover around the $130 level, while the middle dip, or the head, is lower, at approximately the $120 level. This formation suggests a potential upward price movement, which has been validated by the recent breakout above the neckline of this pattern.
#solanAnalysis #Solanabullish