PUKE!
Like highlighted on the chart with the red circle, price grinding on a trendline in that manner could have severe consequences, to the downside.
The trend is bearish and the possibility of a break to the downside is high.
CPI data released on the 13th could very well be the trigger of it.
I've also charted this in log scale so it would be easier to see how far Solana has actually risen, and how much lower can it go.
Looking left I see major price action around levels like 15 & 4.
Sharp eye might see another top pattern on the chart, let me know in the comments if you see it!
Like highlighted on the chart with the red circle, price grinding on a trendline in that manner could have severe consequences, to the downside.
The trend is bearish and the possibility of a break to the downside is high.
CPI data released on the 13th could very well be the trigger of it.
I've also charted this in log scale so it would be easier to see how far Solana has actually risen, and how much lower can it go.
Looking left I see major price action around levels like 15 & 4.
Sharp eye might see another top pattern on the chart, let me know in the comments if you see it!