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

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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.

Megaphones have a minimum number of lows, and at most two highs. High market volatility. These patterns usually consist of five consecutive swings with the closing one often acting as a break-out signal.

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