Solana forms ‘bullish megaphone’; Analyst sets key SOL levels to watch
Although Solana (SOL) and the general crypto market are witnessing a capital outflow, an analyst has pointed out that the decentralized finance (DeFi) asset is facing general bullish sentiments. Particularly, in an X post on August 1, Ali Martinez pointed out that Solana appears to be forming a bullish megaphone pattern on its four-hour chart. Notably, the bullish megaphone pattern is characterized by higher highs and lower lows, forming a widening wedge. This pattern is typically indicative of increasing volatility and a potential bullish breakout. Picks for you How much money does Ronaldo make a second? 57 mins ago Machine learning algorithm predicts XRP price on August 31, 2024 1 hour ago ...