Solana Is Close To The Apex!
The ascending triangle on the Solana chart is forming will it go down to $23 before the breakout? There is about 10 more days before the pattern reaches its apex! To which side will it go?
With this breakout we can expect Solana to reach $30 mark!
What is interesting is that Solana has also an ascending triangle on a weekly chart although its apex is in Jul next year, I suspect the breakout will happen by the end of December!
There have been a number of positive developments happening on Solana and a number of projects is bringing new users onto the chain!
- July - Helium switches to Solana,
- August - Solana Pay integrates with Shopify as new payment option
Also, Breakpoint 2023 is coming - the annual community event that is being held in Amsterdam on 30th of October until the 3rd of November! so if you'd like to attend you can purchase the ticket here.
Considering the fact that Bitcoin is getting closer to its breakout and Solana and other alts will follow the suit! The upcoming event might also bring new investors and price action! The 30th of October would perfectly align with the chart apex! Traders might be frontrunning the event so we might expect a dump after the event!
Currently the price is at the resistance level so it is not a good time to buy it on leverage, but If Solana goes back to the support line at around $22-$23 I am going to grab some!
All The Best,
Aventurine
