Solana / Tether
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SOLUSDT Rectangle Pattern Formation

275
SOLUSDT Technical analysis update

SOL has been forming a rectangle pattern for the last 170 days. The price is now approaching the rectangle's resistance, indicating a potential breakout. If the breakout occurs, we can expect a strong bullish move in SOL, with the price possibly reaching $500 in this bull run.
In day chart 200 EMA act as a good support for SOL

A similar pattern formed at the bottom, where the price stayed within a rectangle for 280 days before breaking the resistance and surging 600%. We could see a similar move once the current rectangle is broken.

Regards
Hexa
Nota
SOLUSDT price moving toward the rectangle pattern resistance for the breakout.

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