Solana was bearish since we predicted it on November 29, 2021. The bullish move of Solana was breaking above the descending triangle making lower lows.
The Solana price today is $230.61 USD with a 24-hour trading volume of $3,923,623,608 USD. Solana is up 0.41% in the last 24 hours, with a market cap of $70,485,072,587 USD. It has a circulating supply of 305,642,203 SOL coins.
The Bullish Move: Analysis
Solana yesterday rose to the price it last on November 23 at $235, and that’s where our first resistance is – fairly weak yes. After breaking this resistance level, the target for Solana should be at fib 1.272 at $238, where it was last on November 17, 2021. EMA 50 should act as local support at fib 0.786.