Solana repeats the August pattern

Why Solana is Bullish in a Bearish Week?

Solana has been making lower lows after touching a high of $241 on November 21, 2021. Solana is Bullish is because it breaks the trend above and now after a small pullback Solana is Ready to fly.

The Solana price today is $213.13 USD with a 24-hour trading volume of $2,295,037,297 USD. Solana is down 1.56% in the last 24 hours, with a live market cap of $64,771,652,989 USD. It has a circulating supply of 303,912,956 SOL coins.

Solana is Bullish
Source: TradingView

Solana is Bullish: Analysis

Though the support at $216 is quite weak however there is rather stronger support at $211 which is holding the price up since November 19, 2021. From here Solana can rise to $225, yesterday’s high. If this resistance breaks we set our target to $240, the high of November 21, 2021; given Bitcoin keeps resting there.

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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