The post Will SOL Crash? Solana Price Prediction for August 13 appeared first on Coinpedia Fintech News
Solana (SOL), the world’s fifth-biggest cryptocurrency along with other top assets has been experiencing continuous selling pressure following the formation of a bearish price action pattern in its 4-hour time frame. This bearish pattern was also shared by a prominent analyst on X (previously Twitter) on August 13, 2024.
Will SOL Crash?
According to the post on post on X, Solana has formed a bearish head and should price action pattern. If SOL breaches the $141 level, it could experience a massive sell-off to the $122 level.
#Solana could be forming a head and shoulders pattern in the hourly chart, which suggests that a drop below $141 might trigger a correction that sends $SOL to $122! pic.twitter.com/o39Vn0FY8z
— Ali (@ali_charts) August 12, 2024
Solana price analysis
At press time, SOL is trading near the $146 level and has seen a price decline of 2% in the la
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