Crypto
$SOLUSDT Forms Descending Triangle on Binance
The SOL/USDT perpetual contract on Binance has formed a descending triangle pattern in its price action.
The current price is around $99.44, following a strong upward move to the high of $110.60.
The consolidation phase appears to be creating lower highs beneath a descending resistance trendline and horizontal support near $99.44.
A key support level exists at $99.44, with a potential breakdown invalidating the current bullish projection and signaling further downside risk.