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Solana price just one breakdown away from a 40% slide in June — here’s why -Breaking

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Solana price just one breakdown away from a 40% slide in June — here’s why

Solana (SOLIt is approaching a critical breakdown as it inch closer to the top of its “descending triangle” pattern.

Notably, SOL’s price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern.

Each day’s price chart includes a “descending triangle” breakdown. TradingView
SOL/USD price chart with descending triangle reverse setup. TradingView
Histories of Solana TVL performances. Source: Defi Llama