Did Solana Survived the Double Top Pattern?

What's in this article

Solana has gained some momentum and volatility as Bitcoin price strengthen. Solana is rising from the support zone of $170

Solana price today is $180.06 USD with a 24-hour trading volume of $2,080,448,864 USD. Solana is up 5.02% in the last 24 hours, with a market cap of $55,520,321,566 USD. It has a circulating supply of 308,335,288 SOL coins. 

Source: Tradingview

Solana: Analysis

Solana peaked at $189 on December and December 19 making a double top pattern. This pattern could prove extremely bearish for Solana if the support zone was not respected. We can’t say Solana is bullish as this small rise could simply be a pullback and the lower zone, acting as support might break in the next blow. The resistance for Solana is at the top of December 19, at $189.

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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