Solana (SOL) traders face anticipation as the cryptocurrency grapples with maintaining its upward momentum. A bearish triangle pattern has emerged on the twelve-hour chart, signaling potential challenges for the asset's price movement. Analysts warn that if Solana fails to break through the $220 resistance level, it may trigger a significant selloff, potentially resulting in a 25% price drop.
With traders closely monitoring price action, the possible rejection at this critical level could lead to further downward pressure on Solana's market performance. The unfolding scenario places traders on alert, considering strategic moves to navigate the asset's uncertain trajectory.
Kaynak: www.thecoinrepublic.com ↗