An analyst has explained how Solana (SOL) is currently mirroring the same pattern that led to a bullish breakout for its price back in 2021.
Solana Appears To Be Showing Similar Trend To 2021 Right Now
In a new post on X, analyst Ali Martinez has discussed about how the pattern recently forming in SOL has been reminiscent of what the cryptocurrency showed back in the July of three years ago.
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Below is the chart shared by the analyst, that highlights the similarity between the two periods:
As is visible in the graph, the Solana 3-day price has so far shown a trajectory that has been similar to the one in 2021. Not only that, the current Relative Strength Index (RSI) is also at around the same level as the one back then.
The RSI refers to an indicator in technical analysis (TA) that basically measures the speed…
