🪙 SOL may continue to grow

Considered the daily timeframe of the Solana chart. The coin looks better than the market, so I paid my attention to it.

The chart shows that all the movement since March this year is inside the pattern "descending price channel". It has all chances to transform into a "bull flag" if the upper boundary of the formation is broken. In this case, the uptrend will continue.

The positive picture is complemented by the behavior of the coin at the time of the recent market shedding. Then the price went under the key support of ~$125, but quickly returned. A "false breakout" on high volume was formed.

A very important event is taking place on the chart. The price is consolidating above the midline of the channel, which tells us about the possible continuation of growth in the near future 📈