Bahzadimpact

With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead.
While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure?
Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June.
As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is \ support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon.#StartInvestingInCrypto