Crypto Analyst: Solana Goes ‘Parabolic Soon’ As Firedancer Draws Closer

Crypto Analyst: Solana Goes ‘Parabolic Soon’ As Firedancer Draws Closer


After falling below the $121 price mark last week, the Solana has shown a strong rebound. The SOL price is up 19% from the local low. But the current setup of the Solana price suggests the potential for an even stronger upward breakout, similar to that of summer 2021, according to popular crypto analyst Daan de Rover, better known as Crypto Rover.

From the end of July 2021 to the beginning of November 2021, SOL rallied by more than 1,100%. The chart shared by Rover displays Solana’s price action on a weekly timeframe, showcasing the formation of a descending triangle pattern similar to 2021.

A descending triangle in this setting can be considered a continuation pattern, often leading to a breakout to the upside,

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