With many assets in the cryptocurrency sector continuing to record gains under the influence of the market representative and maiden crypto, Bitcoin (BTC), Solana (SOL) has been making steady advances as well, with signs pointing to even more intense gains in the near future.
Specifically, Solana has recently broken out of an ascending triangle it has been making for over two months, or since early 2024, “retested it uncomfortably deep and then turbo-bounced,” according to the observations shared by pseudonymous crypto analyst CryptoJelleNL in an X post on March 6.
As the crypto trading expert further explained, considering such chart pattern movements by the currently fifth-largest asset in the cryptoverse by market capitalization, Solana could take off “HARD from here,” suggesting a possibly massive bullish rally in the making.
Solana price action analysis since November 2023. Source: CryptoJelleNL
Elsewhere, on top of the optimistic price movements, this asset h
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