SOL is currently exhibiting a descending triangle pattern on a 4-hour timeframe, and its trading position is below the Ichimoku cloud. The MACD crossover is losing bearish momentum.
A definitive breakout above the triangle would serve as bullish confirmation, while a sustained breakdown would suggest a potential correction.
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#SOL/USDT ANALYSIS
SOL is currently exhibiting a descending triangle pattern on a 4-hour timeframe, and its trading position is below the Ichimoku cloud. The MACD crossover is losing bearish momentum.
A definitive breakout above the triangle would serve as bullish confirmation, while a sustained breakdown would suggest a potential correction.
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