Solana price just one breakdown away from a 40% slide in June — here’s why By Cointelegraph

Jun 11, 2022


Solana value only one breakdown away from a 40% slide in June — this is why

Solana (SOL) is nearing a decisive breakdown second because it inches in direction of the apex of its prevailing “descending triangle” sample.

Notably, SOL’s value has been consolidating inside a spread outlined by a falling trendline resistance and horizontal trendline help, which seems like a descending triangle—a pattern continuation sample.

every day value chart that includes “descending triangle” breakdown setup. Supply: TradingView
SOL/USD every day value chart that includes descending triangle reversal setup. Supply: TradingView
Solana TVL efficiency historical past. Supply: Defi Llama