UPS Beyond

Solana [SOL]: Unraveling breakout potential of this reversal pattern

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Solana’s [SOL] immediate ceiling in the $43-$46 range has constricted the buying efforts over the last two weeks. The reversals from this range have reignited the near-term selling edge.

Thus, the alt fell below the 20/50/200 EMA while chalking out a descending channel in the 4-hour timeframe.Meanwhile, the week-long trendline support has cushioned the altcoin’s troughs.

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