Solana(SOL): Double Top or Cup&Handle Pattern?

While Solana has encountered a major resistance zone and is potentially forming a double top pattern, we are also seeing a potential cup and handle pattern to form from here.

Now both formaitons would need some kind of rejection from the upper zones, which means a smaller scalper can be taken there, but the main thing to remember is that the Bollinger band middle line has been broken (after supporting the coin for a very long time).

Now that the dominance has been lost, there can be good momentum for a potential movement to even lower zones (if the rejection is successful!)

Swallow Team

Comment:

SOL has had a really nice rejection from upper zones, which is a good start to further movement here 😉

Comment:

Solana had been rejected from the upper zones, and now, upon reaching the middle line of Bollinger Bands, we see another support zone that needs to be broken.

This zone will decide if we will have a full scale Double Top pattern or a cup-and-handle pattern.