The SOL chart is currently exhibiting a bearish pattern, indicating potential downward pressure on the cryptocurrency. Should the neckline be breached, it could signal further declines in its value.
Trade active
One week on, the neckline has decisively broken amid heightened economic uncertainty. With markets now pricing in the broader implications of Trump's tariff measures, further downside momentum appears likely as sentiment deteriorates.Trade closed: stop reached
Price broke the 150 psych level and is holding strong, invalidating the downside idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.