Solana risks 35% price crash with SOL price chart ‘megaphone’ pattern

2022.04.09 19:10

Solana risks 35% price crash with SOL price chart ‘megaphone’ pattern

Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called “megaphone” pattern.

In detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal.

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