Solana in descending triangle pattern was holding the price at the base but it broke below with the confirmation candles.
The Solana price today is $212.13 USD with a 24-hour trading volume of $4,298,535,226 USD. Solana is up 5.69% in the last 24 hours, with a live market cap of $64,412,818,987 USD. It has a circulating supply of 303,642,763 SOL coins.
Solana in Descending Triangle: Analsis
The support level for SOL was at the base of the triangle pattern above the $200 mark but this support level could not hold the decline and it plunged to fib 1.618 at $186. The resistance lies near the $200 mark where it meets EMA 200 line. Bitcoin seems bearish so we’ll see more decline in altcoin including Solana.