Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target

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Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target - NewsBTC

Quick Summary:

Analyst Explores Two Bearish Black Swan Scenarios to Watch This bullish prediction revolves around the appearance of a symmetrical triangle pattern on the 4-hour timeframe of the Solana price chart.

Symmetrical triangles tend to be continuation patterns, meaning the price tends to resume its initial trend direction before falling into the triangle formation.

In a symmetrical triangle pattern, the price target is calculated by adding the length of the widest point of the triangle (or base) to the breakout point.