SOL price has fallen over -35% from its ATH set this week
SOL Price has formed a broadening wedge
30MA continues to act as support
Will Bulls Hold?
Solana (SOL) price has been one of the best performing coins over the last few weeks as prices have risen from $70 to $190 in a little over two weeks. This price action has been truly impressive as SOL is now a top 10 cryptocurrency by market cap. Solana is a highly functional open source project that aims to provide decentralized finance solutions using its highly efficient blockchain. SOL now has many advantages to other blockchains such as ETH, Solana (SOL) can process a massive amount of transactions for a little amount of cost. All these features have led many big players to become bullish on the Solana ecosystem.
While looking over the last few weeks, we can see how SOL price has been holding above a support trend line. This price action has formed a pattern which is called an ascending broadening wedge. As time moves on, each tre
Źródło: https://coingape.com/sol-falls-35-from-all-time-high-will-bulls-hold-support/
