After an explosive 200x rally, Solana surged from its all time low at $1 to a new all time high in 2021, followed by a correction to $10 in 2022. It then made another massive run to $250 in 2024.
Now, a double-top "M" pattern is forming, signaling a reversal. As shown on the chart, we could see a drop to $60.
What's your take - has the top been set, or do you disagree with the bearish outlook? Let me know your thoughts!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
Now, a double-top "M" pattern is forming, signaling a reversal. As shown on the chart, we could see a drop to $60.
What's your take - has the top been set, or do you disagree with the bearish outlook? Let me know your thoughts!
Kindly support this idea with a LIKE👍 if you find it useful🥳
Happy Trading💰🥳🤗
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.