ðĨ SOLANA Bearish Triangle: Wait For Break Out!
With the whole FTX thing going on recently there's been a lot of bearish news surrounding SOL. Consequently, the token has sold off hard and is shoeing no signs of bullishness.
In my previous SOL analysis I talked about $12.50 being a huge support. As of the last few days, $12.50 has held strong but will in my view fall at some point.
My long term most bearish target will remain at $5. However, the current triangle pattern is a more short-term focused one.
In case of a break out, I'm looking at a $10 target. Be patient for the break out to be confirmed.
In my previous SOL analysis I talked about $12.50 being a huge support. As of the last few days, $12.50 has held strong but will in my view fall at some point.
My long term most bearish target will remain at $5. However, the current triangle pattern is a more short-term focused one.
In case of a break out, I'm looking at a $10 target. Be patient for the break out to be confirmed.
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