Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
Highlights
- Solana price has formed a giant megaphone pattern on the daily chart.
- This pattern often leads to a strong bullish breakout, which could see it hit the all-time high of $295.
- The amount of money in Solana treasuries has jumped to almost $3 billion.
Solana price pulled back today, Oct. 8, mirroring the performance of the broader crypto market, which pulled back as investors booked profits. Still, this pullback will likely be a good entry point as it has formed a giant megaphone pattern as SOL treasuries near the $3 billion milestone.
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Frequently Asked Questions (FAQs)
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