Solana (SOL) Price Analysis: W Pattern Breakout Signals
Solana (SOL) has formed a bullish W pattern on its 4 hour chart, suggesting a potential surge to $219.
The W pattern is a technical reversal pattern that indicates a bullish trend reversal. It is characterized by three consecutive troughs, with the middle trough being lower than the other two. The pattern is considered complete when the price breaks above the resistance level, which is the neckline of the W pattern.
Good luck to Solana holders!
The W pattern is a technical reversal pattern that indicates a bullish trend reversal. It is characterized by three consecutive troughs, with the middle trough being lower than the other two. The pattern is considered complete when the price breaks above the resistance level, which is the neckline of the W pattern.
Good luck to Solana holders!