From a technical perspective, Solana price has set up four higher highs and four higher lows since May 18. Connecting trend lines from these swing points shows that SOL is consolidating in a symmetrical triangle pattern.
Shiba Inu price has recently broken out of a bearish formation, introducing the potential for a new rally. SHIB escaped above a critical resistance trend line that has acted as a possible turning point for the meme coin’s disappointing returns since the May crypto market crash.
Chainlink price is setting the stage for a massive bull rally that will shift the trend from bearish and choppy to bullish.