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Time Details
2025-02-28
06:54
Solana Exhibits Bullish Technical Patterns on 4-Hour Chart

According to Trader Tardigrade, Solana is demonstrating two bullish technical analysis patterns on the 4-hour chart. The first pattern, known as the 'Three Pushes Pattern', indicates that SOL has completed a sequence of three lower lows (P1, P2, and P3). A trend reversal could be confirmed if SOL breaks through the established red resistance line. Additionally, the Relative Strength Index (RSI) has shown two consecutive bullish signals, suggesting potential upward momentum. These indicators are crucial for traders considering entry points as they suggest a possible bullish reversal, contingent upon resistance line breakthrough (source: Trader Tardigrade).

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