Countdown starts now? SOL breakout as technical indicators turn bullish
As the week start ed with a bullish sentiment in the cryptocurrency market, Solana (SOL) seems to be following the trend, and technical Analysis (TA) suggests that more gains could be in store for the seventh-largest cryptocurrency by market capitalization. Indeed, Solana has recently broken out of its triangle chart pattern on the daily time frame towards the upside, marking the start of a new upward trend and indicating the potential for further increases in the near future, according to the information retrieved from finance and crypto analytics platform TradingView on October 17. SOL price action analysis. Source: TradingView On top of that, Solana’s daily buying volumes have more than doubled in the last 24 hours, which is another bullish sign for this digital asset. Solana price analysis At press time, Solana was changing hands at the price of $24.19, recording a 4.66% growth on the day, as well as increasing 8.88% across the previous week, in addition to accumulating a...