There is potential for a triple ceiling pattern!

SOL has continued its full range trend for the past week and is in the price channel range of $30-$35. The price hit the $35 range several times last week, and each time was accompanied by profit-saving by buyers and a strong reaction to the area. Also, the midline resistance of the long-term descending channel has strengthened this resistance range.

In the 4-hour period, this range trend can be examined in more detail. At the $35 resistance area, there is potential for a triple ceiling pattern to form, and if the $32 minor support is broken, the pattern will be confirmed, and the sellers' target will be in the $30-$29.5 range. But if the support is maintained, and the buyers in the market are willing to buy, by breaking the resistance of the $35 range, this time the price of Solana can grow to the level of $40-41. Solana's most important resistance is in the $44.5-$48 range, which is the trend reversal zone on the daily time frame.