A descending triangle pattern governs the Solana price action in the daily time frame chart. The series of lower-high formations within this pattern indicates a gradual loss of bullish momentum and ultimately allows sellers to break the neckline support. The price currently trades at $27.6 and shows a reversal sign at $26.3 support. Are you supposed to buy more?
Key points
The Solana price losing for three consecutive days retest the bottom support of $26.3
The lower price rejection candle at $26.3 indicates buyers actively defend this support.
The 24-hour trading volume in the Solana coin is $1.827 Billion, indicating a 9% loss.
Source-Tradingview
The Solana coin price has resonated within a descending triangle pattern over the last six months. Furthermore, the coin price retested the pattern’s resistance trendline and neckline support($27.3-$26.3) thrice, validating the traders’ respect this setup.
On November 6th, the SOL price reverted from the resistance trendline with a beari
We współpracy z: https://coingape.com/markets/heres-how-this-chart-pattern-may-influence-solanas-future-price/
