Solana Price Eyes Breakout is about $ 143, as the reverse and shoulder pattern is formed on the graph for 4 hours
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Solana appears to be preparing for the main technical penetration, with prices recently built an interesting scheme. It has formed a familiar bullish pattern, and if its health is verified, the price may be paid to an unprecedented level in recent weeks. This new development is highlighted by the famous analyst Titan of Crypto on the X.
The outbreak of patterns sets $ 143 on the horizon
Like every large encrypted currency in the market, Solana I witnessed a long time One of the faults of prices since late February. In the case of Solana, this price collapsed has been withdrawn since January, when it was I reached the highest level ever From $ 293 during the euphoria surrounding Mimi Trump. Since then, Solana has widely correct, until she reached the lowest level in $ 97 on April 7.
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Price Before and after $ 97 It created an interesting formation on the time frame scheme for 4 hours. As coding Note the analyst Titan from CryptoThis configuration is sufficient to send Solana to $ 143.
In the heart of the upscale outlook, there is a reverse structure and a clearly defined shoulder, and it is known for its reliability in referring to a reflection from the declining direction to the upward collapse. The left shoulder of the pattern began to form in early April, when Solana tried to recover from $ 110 levels. The subsequent drop to the bottom was $ 96 on April 7, the head of the structure. From there, recovery began when buyers retreated with caution, which led to the right shoulder.
The outbreak of the neck line has erupted during the past 24 hours. With this in mind, Titan of Crypto expect that $ 143 becomes the next logical destination based on the move from the head to the neck line.
image From x: Titan of Crypto
The momentum strengthens with confirmation of the structure
Given the graph shared by the analyst, it seems that the momentum behind the Solana price movement is gaining strength. The trading volume is an important scale in assessing the hack force, and the folder associated with the last subscription to the neck line confirms this.
In particular, Solana has seen a 5.3 % increase in its price during the past 24 hours, with a 3.76 % trading volume increased in this time frame to $ 4.21 billion.
Although it is common to see a simple return or monotheism over the neck line, the expected path indicates the continuation of the upward trend as long as the price procedures go beyond this main penetration area.
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At the time of writing this report, Solaa is trading at $ 129, 10 % of reaching this reverse goal of the head and shoulder. The transition to $ 143 will not only represent a meaningful recovery from its lowest level in April, but may also improve confidence in the Solana price that moves to the Q2. The following expectations are what happens after reaching this goal of $ 143, which is what It will depend on The feeling of the general market.
Distinctive image of information, tradingview chart
