🔥 Solana Retesting 1.5 Year Wedge: Another Leg Up?

2023년 1월 20일

Over the course of ~18 months or so, SOL has formed a falling wedge pattern. Falling wedges are bullish reversal patterns.

After two huge green weeks, this week looks like a minor correction is taking place. Thus far, we're only down 7%, which is nothing compared to the ~200% move we've seen since the start of 2023.

If the top resistance line of the falling wedge pattern holds, I'll start looking for a continuation of the uptrend. For a confirmation, I'd wait for SOL making a new high, $25.

Targets in blue.