Yesterday we spotted a descending triangle pattern with a perpendicular of more than 20%. The resistance was set near EMA 200 on the hourly chart. Solana did not only break above that level but this swift rise turned the triangle pattern into a bullish sign. If followed, Solana might rise 20%, equivalent to triangle perpendicular, to $180 – the peak of January 04. Solana has local support at $148 near EMA 200 on the hourly chart. The resistance is at $155, fib 1.618 locally. The major resistance to our target could be at $170, fib 2.618.
