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$SOL SOL seemed bullish at press time, having recently broken out of multiple bullish patterns. On the daily timeframe, the asset first broke out of a prolonged descending channel pattern, followed by a consolidation zone. Most recently, with a 12% price rally, SOL also broke out of a bullish inverted head and shoulders pattern, as well as the 200-day Exponential Moving Average (EMA). These multiple bullish breakouts could be a sign of Solana’s strong upside potential. Based on its recent price action and historical patterns, if SOL holds above the neckline of the head and shoulders pattern, there may be a strong possibility the asset could hike by 15% and hit the $184-level. On the other hand, there is also the possibility of a price correction due to the continuous upside momentum over the past four days. At press time, Solana’s Relative Strength Index (RSI) stood at 63, still trading below the overbought territory – A sign that the asset may have enough room to continue its northbound trajectory.
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$KERNEL pumped hard — up +29% to $0.1604 before pulling back to $0.1490. Clean breakout from $0.10 zone with strong volume. Bulls still in control unless 0.137 breaks.
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$KERNEL ✅ Any questions?
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