Solana is facing headwinds as a bearish pattern is forecasting another crash to $145. At press time, SOL price trades at $163 amid intense volatility that has seen the price fluctuate between a daily low of $161 and a daily high of $173. Solana Price at Risk as Double Top Signals Further Bleed In 24 hours, per Coinglass data, more than $30M in SOL longs have been wiped out. This has caused a bearish outlook since last coingape analysis that predicted $180 next as open interest hit a 4 month high. This sell-side pressure stems not only from spot selling but also from long liquidations. Solana price may crash to $145 soon as it forms a double top pattern on its four-hour chart. This is one of the most bearish patterns in technical analysis, showing that the price has failed to break previous resistance and is now on the verge… Read More at Coingape.com

The post Solana Price Analysis: Bearish Double Top Pattern Signals Crash to $145 appeared first on CoinGape.

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