Unravelling Solana's Price Dynamics: A Technical Analysis and Growth
Solana price went clearly according to our May forecast for it. The growth at the peak amounted to +4.98%. But the main thing is that the direction of movement was predicted by us.
The bearish variant of the "squeeze" pattern in the form of the "head and shoulders" formation turned out to be a fake ☄️, as we said. Similar to the situation on Bitcoin, the price terminated sideways.
The bears failed to break the support zone around ~$163 and ~$166 🕯levels. The price went up, reached the upper boundary of the sidewall at ~$175.
The next step for Solana is the beginning of growth at the breakdown of resistance ~$175 🔼
