Solana risks 35% price crash with SOL price chart 'megaphone' pattern
Cointelegraph
Published Apr 09, 2022 10:26AM ET
Updated Apr 09, 2022 12:00PM ET
Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called "megaphone" pattern.
In detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal.
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Written By: Cointelegraph
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