$SOL The technical target of SOL is 51
The upper consolidation channel appears to be a box pattern breakdown. Although a long lower wick bullish candle has formed and the trading volume is huge, I personally believe this is just encountering strong resistance from the bulls and does not indicate a clear reversal. The larger trend is likely difficult to change in the short term;
According to the 1:1 symmetry from the upper breakdown, it is around 51, which also coincides with a previous small parallel bottom, so this is a reasonable target for the next phase of the bearish trend;
Good luck~#solana #sol
The upper consolidation channel appears to be a box pattern breakdown. Although a long lower wick bullish candle has formed and the trading volume is huge, I personally believe this is just encountering strong resistance from the bulls and does not indicate a clear reversal. The larger trend is likely difficult to change in the short term;
According to the 1:1 symmetry from the upper breakdown, it is around 51, which also coincides with a previous small parallel bottom, so this is a reasonable target for the next phase of the bearish trend;
Good luck~#solana #sol
