Solana: Can Sol’s Adam and Eve Pattern Reach $220 on the Charts
Journalist
Solana’s next target: Aiming for $220?
- Solana’s chart showed a bullish Adam and Eve pattern
- In the past few days, the token’s selling pressure has subsided
As market conditions turned bullish, the prices of several top cryptocurrencies rose, including Solana [SOL]. SOL’s price chart shows a bullish pattern that could make things even better. SOL could soon begin its journey to $164 or more if the pattern is successfully tested.
The Rising Value of Solana
According to CoinMarketCap, SOL’s value has increased by over 10% in the past week. The token’s value has increased by more than 6% in the past 24 hours. As of the date of this article, Solana was trading at $154.44 and had a market cap of $71.9 billion, making it the fifth largest cryptocurrency.
A bullish pattern was also seen on the token’s chart. Ali, a well-known crypto analyst, recently shared a tweet in which he pointed out that an Adam and Eve pattern may be developing on the SOL chart. This pattern was mentioned in the tweet as a possible rise from $164.
If SOL is able to overcome this resistance in future we could see a 33% rise to 220 dollars.
Source:X
Is Sol Testing The Bullish Pattern In This Image?
AskFX has analyzed cryptocurrency ‘s unchained data determining probabilityof testingASOLpattern.Thatis our analysisfromCoinglass.Belowaresomeofthemosteffective waystoincreaseyourROI:
SOL ‘s fundingrate hasbeen increasingin parallel withitsprice.This couldbe interpretedby someasa bull signindicatingthatmoneyis flowingintothe market.
An increaseinthetoken’ s longto shorten length ratioincreasingthemeansmorelongsthan shortsinthemarketwhich is asignofbullish sentiment.div
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