Solana price nears a decisive moment, with its bias skewed to the downside.
) is nearing a decisive breakdown moment as it inches towards the apex of its prevailing"descending triangle" pattern.Notably, SOL's price has been consolidating inside a range defined by a falling trendline resistance and horizontal trendline support, which appears like a descending triangle—a trend continuation pattern.from its November 2021 peak of $267, its likelihood of breaking below the triangle range is higher.
a study conducted by Samurai Trading Academy. Notably, the likelihood of a descending triangle setup reaching its profit target is 7 out of 10, based on the pattern's history.Solana's rebound scenario Suppose SOL holds strong above the triangle's horizontal trendline support. Then, the SOL/USD pair could
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