Solana Price Prediction: For nearly a month, the 4th largest cryptocurrency Solana(SOL) has been under a correction trend partially attributed to the uncertainty surrounding the newly launched Bitcoin ETF. In our previous analysis, we market this downfall as the formation of a Flag pattern, commonly observed in an established uptrend. However, the buyers’ attempt to break out of this pattern failed to sustain amid the market sell-off, positioning the SOL price at risk of further downfall.
Fake Breakout Triggers a $19 Million Long Liquidation
A failed breakout from the flag pattern hints at prolonged correction in SOL
The Bollinger band curved on the downside indicates the sellers are aggressive
The 24-hour trading volume on the Solana coin is $2.7 Billion, indicating a 4.3% gain.
Solana Price Prediction| TradingView Chart
On January 17th, the Solana price recovery teased a bullish breakout from the resistance trendline of the Flag pattern. This breakout coincided with Solana Network
We współpracy z: https://coingape.com/markets/solana-price-prediction-bull-trap-sol-risk-of-20-drop/
