
Bitcoin Enters Pensions: Millions Of Colombian Workers To Get Access
Porvenir launches Bitcoin pension fund for young Colombian workers

Solana is approaching a symmetrical triangle pattern on its hourly chart, which may lead to a potential 10% price breakout. Analysts suggest that a breakout above the triangle could indicate bullish momentum.
Mentioned in this story
A crypto analyst has highlighted how Solana could be setting up for a 10% price move based on a technical analysis (TA) pattern in its hourly chart.
In a new post on X, analyst Ali Martinez has talked about a TA pattern forming in the 1-hour price chart of Solana. The pattern in question is a Symmetrical Triangle, which is a type of consolidation channel that looks, as its name suggests, like a triangle.
The pattern involves two trendlines, with the higher one acting like a resistance level, while the lower one provides support. Like with other consolidation patterns in TA, a break out of either of these bounds can signal a breakout in that direction. This means that a surge above the triangle can be a bullish sign and a drop under the lower one a bearish one.
The unique feature of a Symmetrical Triangle is that its trendlines are angled at a roughly equal and opposite slope. As the price moves through this channel, its range shrinks down to a midpoint.
Like the Symmetrical Triangle, there are also other triangle patterns in TA. The Ascending Triangle forms when the upper trendline is parallel to the time-axis, while the Descending Triangle emerges in the case of a parallel lower level.
Now, here is the chart shared by Martinez that shows the Symmetrical Triangle that the hourly Solana price has been trading inside over the last couple of weeks:
Looks like the price of the coin is approaching the lower level | Source: @alicharts on X
As displayed in the above graph, the 1-hour Solana price has been making its way through the Symmetrical Triangle and is now near its apex. In this zone, the range naturally becomes tight, so retests of the trendlines tend to turn more frequent.
A symmetrical triangle pattern is a technical analysis formation characterized by two converging trendlines that indicate a period of consolidation before a potential breakout.
A 10% price move for Solana could signal a strong bullish or bearish trend, depending on whether the price breaks above or below the triangle's boundaries.
Ali Martinez is a crypto analyst who has highlighted a potential 10% price move for Solana based on a symmetrical triangle pattern observed in its hourly price chart.

Porvenir launches Bitcoin pension fund for young Colombian workers

Fidelity sees crypto market finding its floor; Bitcoin at $76,400.

Bitcoin dips to $76,500 as economic factors weigh on recovery hopes.

Chainlink experiences highest outflow since December 2025, totaling 970,430 LINK.

OpenAI falls short of ChatGPT targets as compute costs rise.

Bitcoin struggles below $80,000 as traders grow cautious amid bearish signals.
See every story in Crypto — including breaking news and analysis.
More retests, of course, imply a higher likelihood of a level giving out. Because of this reason, breakouts are generally the likeliest to occur around triangle apexes.
In the scenario that a breakout does occur from here for SOL, it’s possible that a sustained move could follow. Based on the height of the triangle, the analyst has noted that this move could be of about 10%.
Now, which direction could such a break occur in? Usually, for Symmetrical Triangles, breakouts are considered equally probable in either direction. This is due to the fact that the pattern involves no upward or downward bias, unlike the Ascending and Descending Triangles.
That said, since Martinez has made the post, Solana has seen more drawdown, which could serve as an early hint that the support level could be at higher risk at the moment.
Solana has declined to $84 after its decline over the past day.
The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com