Calm before the storm!

Solana is currently trading in a ranging pattern after a false breakout, indicating a period of consolidation and market indecision. This phase may precede a significant upward or downward movement.

5/26/20241 min read

Solana price chart showing a ranging pattern after a false breakout, indicating a consolidation phas
Solana price chart showing a ranging pattern after a false breakout, indicating a consolidation phas

Solana, after forming a false breakout, is currently trading in a ranging pattern. This indicates a period of consolidation and indecision in the market.
Given this situation, it seems that Solana is experiencing the calm before the storm. This consolidation phase might serve as a preparatory stage for a strong upward or downward movement.