Solana repeats the August pattern

Solana Repeats the August Pattern

Starting from August 24 to October 13, 2021, Solana followed a bullish pattern. Solana repeats the August pattern starting from October 19, 2021.

The Solana price today is $204.53 USD with a 24-hour trading volume of $2,331,302,947 USD. Solana is up 7.89% in the last 24 hours, with a market cap of $62,188,157,341 USD. It has a circulating supply of 304,047,234 SOL coins.

Solana Repeats the August Pattern
Source: TradingView

Solana repeats the August pattern: Analysis

Solana Rose more than 200% in 81 days making this pattern. The same pattern has formed on the daily chart. Solana is currently maintaining the support of $191 and RSI indicates a neutral position, so far undecisive. The local resistance for Solana is near $212 near EMA 20 and the major resistance is at the peak of November at $260. The major support zone for Solana is at fib 0.382 near $154, the price level of 20 October 2021.

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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