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SOL/BTC Pair Breakout.
The SOL/BTC pair is nearing a breakout from a symmetrical triangle pattern formed since March. Currently at 0.0024, the pair has rallied 14% over the past 12 days. Positive Balance of Power (BoP) and rising RSI suggest a bullish outlook.
Quick Take: Wait for a break above the upper resistance line of the triangle. A successful breakout could push the pair to 0.0031, potentially driving SOL above $200. Monitor Bitcoin's performance relative to Solana, as it could impact the pair's direction.
The SOL/BTC pair is nearing a breakout from a symmetrical triangle pattern formed since March. Currently at 0.0024, the pair has rallied 14% over the past 12 days. Positive Balance of Power (BoP) and rising RSI suggest a bullish outlook.
Quick Take: Wait for a break above the upper resistance line of the triangle. A successful breakout could push the pair to 0.0031, potentially driving SOL above $200. Monitor Bitcoin's performance relative to Solana, as it could impact the pair's direction.