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

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Solana is at risk of a 35% price collapse due to the SOL price graph’megaphone’ pattern

Solana (SOLAs it gets closer to creating a “megaphone” pattern, ), risks plummeting 35% over the next few days.

In detail, Setups for megaphonesThese patterns are formed during periods of extreme market volatility and consist of two lower lows and one higher high. These patterns are generally made up of five swings consecutively, with the last one acting as a breakout signal.

Weekly price chart showing the’megaphone” breakout scenario. Source: TradingView
SOL/USD Weekly Price Chart with 50-week EMA, rising trendline support. TradingView
SOL/USD weekly chart with bear flag/rising wedge scenario. TradingView