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](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=1018,h=586,fit=crop/mP4DRvxXEycnaE1Q/2-Aq2Bwwq7eEhzDR6P.png)
![Solana price chart showing a ranging pattern after a false breakout, indicating a consolidation phas](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=189,fit=crop/mP4DRvxXEycnaE1Q/2-Aq2Bwwq7eEhzDR6P.png)
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.