What's in this article
In a bearish week, Solana inverted Head and Shoulder Pattern is strange and not strange. The pattern has appeared on the 2-hour chart as displayed below.
The Solana price today is $220.14 USD with a 24-hour trading volume of $3,547,348,210 USD. Solana is down 3.99% in the last 24 hours, with a live market cap of $66,874,732,164 USD. It has a circulating supply of 303,778,066 SOL coins.
Solana inverted Head and Shoulder Pattern: Analysis
Left and right shoulders have their base at above $200 while the head found the support at $184 at fib 1.618. That makes almost 18%. So If Solana follows the trend it can rise to 18% at $262 and above. We have the breakout taken place already two green candles confirmation. There is a small pullback followed by but still, Solana signals a positive price rally to come soon.