SOL - TRIANGLE COMPRESSION TARGET
SOL is currently coiled within a
symmetrical triangle pattern, reflecting significant indecision as price narrows toward the apex. Recent price action shows a successful defense of the lower trendline, initiating a local move toward the descending resistance. A decisive breakout above this overhead trendline would confirm a trend shift, triggering a projected path toward the $107 resistance zone. 4
FACT - Deutsche Bank is nearing regulatory approval for institutional crypto custody, bolstering long-term sentiment.
Watch for volume expansion upon breakout to validate the bullish structure.
🔑 Key Levels
🚧 Resistance: $107
🛡️ Support: $97
$SOL
$ADA
$ZEC
SOL is currently coiled within a
symmetrical triangle pattern, reflecting significant indecision as price narrows toward the apex. Recent price action shows a successful defense of the lower trendline, initiating a local move toward the descending resistance. A decisive breakout above this overhead trendline would confirm a trend shift, triggering a projected path toward the $107 resistance zone. 4
FACT - Deutsche Bank is nearing regulatory approval for institutional crypto custody, bolstering long-term sentiment.
Watch for volume expansion upon breakout to validate the bullish structure.
🔑 Key Levels
🚧 Resistance: $107
🛡️ Support: $97
$SOL
$ADA
$ZEC