Breaking Down Solana's Triangle Pattern

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. According to fair lead strategies, there could be a potential triangle breakout for Solana's soul token which could be a catalyst for a renewed price rally. Seoul nearly doubled to over $200 in the first quarter. Since then, the uptrend has lost steam with Pullbacks supported around 100 and $20 that has resulted in a so called descending triangle pattern comprising a downward sloping trend line representing lower highs and a flat trend line representing a solid support level. The pattern indicates seller dominance hence a breakout represents renewed upside momentum. In a note to clients fair lead strategies. Analysts said they hold a neutral bias until a breakout unfolds. That's it for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.