According to @TATrader_Alan, Solana (SOL) has formed a well-defined bull pennant on the 1-hour low-timeframe chart, indicating a structured technical setup to watch for near-term price action. Source: @TATrader_Alan. A bull pennant is commonly treated as a continuation pattern where traders watch for a breakout above pennant resistance with increasing volume to validate momentum. Source: Investopedia. For trade planning, a typical approach is to project a measured move equal to the height of the preceding flagpole from the breakout point and to treat a breakdown below pennant support as potential invalidation. Source: Investopedia. This identification on the hourly chart focuses on short-term trading horizons in SOL spot and derivatives markets. Source: @TATrader_Alan.

According to CrypNuevo, the latest significant observation in the lower time frames (LTF) is the appearance of a new wick to the downside, which suggests a high probability of it being filled soon. The challenge lies in predicting the market's reaction to this movement, especially with the upcoming release of Non-Farm Payrolls (NFP) data, which is critical for assessing labor market conditions. Traders should closely monitor these developments for potential market shifts.

According to Skew Δ, the recent upward movement in Bitcoin's price on lower time frames (LTF) is primarily driven by rebalancing flows, with a significant influence from hedges being cut and long positions being opened. This activity has resulted in a perpetual bid in the market. However, for this upward trend to sustain, it would require a substantial spot bid. [Source: Skew Δ's Twitter Post]