Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish By Cointelegraph

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Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish

At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the pair’s 78.5% year-to-date decline.

First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as bullish reversal patterns, meaning they resolve after the price breaks above their upper trendlines.

SOL/USD daily price chart featuring “rising wedge” breakout setup. Source: TradingView
SOL/USD daily price chart featuring price-momentum divergence. Source: TradingView
SOL/USD weekly price chart. Source: TradingView