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: 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.