The post Solana (SOL) Set for 25% Rally, Breakout Imminent? appeared first on Coinpedia Fintech News
In the recent market uncertainty, SOL, the native token of the Solana blockchain, seems to be getting stronger and is poised to make a new all-time high, as it has formed a bullish price action pattern on its four-hour time frame. While examining its current outlook, traders and investors have shown strong strength and confidence in the asset.
Solana (SOL) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, SOL has formed a symmetrical triangle price action pattern and has reached a zone that suggests a potential breakout. Based on the recent price action, if SOL breaches the pattern and closes a four-hour candle above the $270 level, there is a strong possibility it could soar by 25% to reach the $330 level in the coming days.
Source: Trading View
The Relative Strength Index (RSI) at 54 indicates that SOL has the potential to breach this p
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