A break of the trend line or a weekly close below the line will end the uptrend.
SOLUSD
in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.
SOLUSD
in a parallel uptrend" suggests that the price movement of Solana (SOL) against the US Dollar is exhibiting a consistent upward trend, and the trendlines can be described as parallel. In technical analysis, a parallel uptrend implies that the price is making higher highs and higher lows in a manner that forms parallel lines on a price chart. This pattern indicates sustained bullish momentum in the market for the specified asset. As always, it's crucial to conduct thorough technical analysis and consider other relevant factors before making any trading decisions.