Solana Chart is positive

Descending Triangle Pattern is running Solana

Solana is trading under the descending triangle pattern and the pair are standing on very strong support for a long time.

The Solana price today is $213.78 USD with a 24-hour trading volume of $2,809,744,959 USD. Solana is up 1.41% in the last 24 hours , with a live market cap of $65,026,930,292 USD. It has a circulating supply of 304,182,464 SOL coins.

Descending Triangle Pattern
Source: TradingView

Descending Triangle Pattern: Analysis

Solana tried to make the new local high by breaking the previous level of November 25 of $216 and reversed from $216 yesterday. The peak price touched the upper trend line of lower lows. Solana is holding the price above very strong support since October 22, 2021. The first resistance here is the previous high of $216 and then at fib 0.5 near $222, the price level where Solana was a week ago.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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