Solana (SOL) price is poised for a potential 95% crash — Here’s why
Cointelegraph
Published Aug 16, 2022 01:50PM ET
Updated Aug 16, 2022 03:40PM ET
Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token's splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator.
Dubbed a "head-and-shoulders (H&S)," the pattern appears when the price forms three consecutive peaks atop a common resistance level (called the neckline). Notably, the middle peak (head) comes to be higher than the other two shoulders, which are of almost equal height.
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Written By: Cointelegraph
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