Solana has experienced a steep price drop of about 12% in the last 24 hours, outpacing many other major cryptocurrencies like Bitcoin, which saw a 5% decline. Despite this crash, the price has momentarily paused at $227.
A Symmetrical Triangle bearish pattern in Solana's recent trading activity indicates the potential for further decline. This technical analysis pattern suggests a breakout, either leading to further downfall if lower trendlines are breached, or a rebound if not.
While recent movements suggest a breakout of around 20% could happen, it remains to be seen if this trend will hold for Solana.
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