Deel dit artikel
Crypto Traders Search for Clues in Solana's Triangle Pattern
SOL's months-long triangular price consolidation could bring good news for the bulls.
- SOL's daily chart shows a triangular consolidation pattern.
- A breakout would signal a continuation of the broader uptrend, according to Fairlead Strategies.
Crypto traders looking for clues on the next possible move in programmable blockchain Solana's SOL token should closely track the digital asset's months-long triangular price consolidation.
That's the message from analysts at Fairlead Strategies, who see a potential triangle breakout as a catalyst for a renewed price rally.
STORY CONTINUES BELOW
Mis geen enkel verhaal.Abonneer je vandaag nog op de Crypto Daybook Americas Nieuwsbrief. Bekijk Alle Nieuwsbrieven
SOL, the world's fifth-largest market value, nearly doubled to over $200 in the first quarter as spot bitcoin ETF debut in the U.S. galvanized bids for the broader market. Since then, the uptrend has lost steam, with pullbacks supported at around $120 and progressively shallower price recoveries.
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. The pattern indicates seller dominance; hence, a breakout represents renewed upside momentum.
"A breakout would mark a bullish continuation of the long-term uptrend, putting secondary resistance near $202. Triangle support is near $132," analysts at Fairlead Strategies said in a note to clients Monday.
"We hold a neutral bias until a breakout unfolds," analysts added.
Solana changed hands at $155 at press time, according to CoinDesk data.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks
A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.
What to know:
- X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
- Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
- The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.
Top Stories
