Analysis: 'SOL to gain new upward momentum if it breaks triangle pattern resistance at $202'
CryptoNewsTerminal Staff16 Jul, 2024
Analysis: 'SOL to gain new upward momentum if it breaks triangle pattern resistance at $202'
Solana (SOL) is poised to gain new upward momentum if it breaks out of the triangle pattern that it has been in for the past few months. According to CoinDesk, strategists at Fairlead Strategies conducted an analysis and shared their findings, predicting that if SOL breaks above the descending triangle formation, it will encounter resistance around $202. One support level to watch is around $132.