Solana [SOL] Traders Can Take Advantage of This Pattern - Aliens: AI Crypto News & Markets Updates
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Solana [SOL] Traders Can Take Advantage of This Pattern

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Aliens

Sun, Jul 03, 2022

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Solana's [SOL] falling wedge breakdown reignited its near-term bearish inclinations, and a break below the current pattern can open doorways for a near-term decline.

SOL's recent movements have chalked out a bearish pennant on the chart, which could aid the sellers in testing the $31-$32 range in the coming sessions. However, a compelling close above the 61.8% support could help buyers prevent further drawdowns.

The Relative Strength Index failed to find a spot beyond the 45-mark resistance over the last few days, and the Accumulation/Distribution line registered lower troughs. Thus, it could help the buyers hold the 61.8% level on the chart.

Source: Ambcrypto

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