Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish
Cointelegraph
Published Jun 07, 2022 01:28PM ET
Updated Jun 07, 2022 03:00PM ET
At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair's 78.5% year-to-date decline.
First, Solana has been painting a "falling wedge" since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines.
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Written By: Cointelegraph
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