SOL 5 Days of Gains

Solana was trading under the descending triangle pattern from November 6, 2021 up until yesterday. Today it broke the triangle in spades. The hourly chart illustrates the breakout and we have green candles confirming the move. The important resistance for SOL to break is the fib 0.5 level. After breaking this level we should see Solana at 0.786 at $242 – it will take some time, however. This could be a fakeout as well and Solana might get trapped again inside the triangle. Traders beware