Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish

2022.06.07 22:20

Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish

At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline.

First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines.

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