Name: Breaking Down Solana's Triangle Pattern
Uploaded: 2024-07-16T16:17:57.000Z
Duration: 58 s
Description: Solana's SOL token nearly doubled to over $200 in the first quarter, since then the uptrend has lost steam, with pullbacks supported around $120. That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

CD20$2,056.701.48%BTC$76,684.371.67%ETH$2,103.622.01%XRP$1.351.30%SOL$85.661.80%

Breaking Down Solana's Triangle Pattern | CoinDesk Videos

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CD20$2,056.701.48%BTC$76,684.371.67%ETH$2,103.622.01%XRP$1.351.30%SOL$85.661.80%

Breaking Down Solana's Triangle Pattern | CoinDesk Videos